SSBI (Summit State Bank) Cash-to-Debt : 13.65 (As of Sep. 2024)

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What is Summit State Bank 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. Summit State Bank's cash to debt ratio for the quarter that ended in Sep. 2024 was 13.65.

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, Summit State Bank could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Summit State Bank's Cash-to-Debt or its related term are showing as below:

SSBI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.64 Max: 19.01
Current: 13.65

During the past 13 years, Summit State Bank's highest Cash to Debt Ratio was 19.01. The lowest was 0.29. And the median was 0.64.

SSBI's Cash-to-Debt is ranked better than
87.23% of 1504 companies
in the Banks industry
Industry Median: 1.325 vs SSBI: 13.65

Summit State Bank Cash-to-Debt Historical Data

The historical data trend for Summit State Bank'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.

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Summit State Bank Cash-to-Debt Chart

Summit State Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.74

0.52

0.75

1.65

9.76

Summit State Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															14.64	9.76	1.09	4.26	13.65

Competitive Comparison of Summit State Bank's Cash-to-Debt

For the Banks - Regional subindustry, Summit State Bank'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.

Summit State Bank's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Summit State Bank's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Summit State Bank's Cash-to-Debt falls into.

Summit State Bank 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.

Summit State Bank's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	57.789	/	(0	+	5.92)
	=	9.76

Summit State Bank's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	80.928	/	(0	+	5.931)
	=	13.64

Summit State Bank (NAS:SSBI) 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.

Summit State Bank Cash-to-Debt Related Terms

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Summit State Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit State Bank (NAS:SSBI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Bicentennial Way, Santa Rosa, CA, USA, 95403

Website

https://www.summitstatebank.com

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and term and equipment loans, as well as loans to agriculture-related businesses.