SRNN (Southern Banc Co) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Southern Banc Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Southern Banc Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Southern Banc Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Southern Banc Co's Cash-to-Debt or its related term are showing as below:

SRNN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 2.6 Max: No Debt
Current: No Debt

During the past 13 years, Southern Banc Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 2.60.

SRNN's Cash-to-Debt is ranked better than
99.81% of 1570 companies
in the Banks industry
Industry Median: 1.27 vs SRNN: No Debt

Southern Banc Co Cash-to-Debt Historical Data

The historical data trend for Southern Banc Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Southern Banc Co Cash-to-Debt Chart

Southern Banc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

8.64

No Debt

4.95

No Debt

Southern Banc Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.37	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Southern Banc Co's Cash-to-Debt

For the Banks - Regional subindustry, Southern Banc Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Banc Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Banc Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Southern Banc Co's Cash-to-Debt falls into.

Southern Banc Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Southern Banc Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Southern Banc Co had no debt ⁽¹⁾.

Southern Banc Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Southern Banc Co had no debt ⁽¹⁾.

Southern Banc Co (OTCPK:SRNN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Southern Banc Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Southern Banc Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Banc Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Banc Co Inc (OTCPK:SRNN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 South 6th Street, Gadsden, AL, USA, 35901

Website

https://www.sobanco.com

Southern Banc Co Inc provides personal and business banking solutions. It offers banking solutions for every personal banking need including Personal Checking, Mortgage Loans, Consumer Loans, and Home Equity Lines of Credit. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in the Bank's primary market area, and factoring. The company serves small and medium-sized business customers the United States.

Executives

Fred Taylor	director
Little James B Iii	director
Craig G Cantrell	director
Dowling Thomas F Iii	director
Little James B Jr	director, officer: Vice President
Gates Little	director, officer: President