SSB Bancorp (SSB Bancorp) Cash-to-Debt : 1.46 (As of Mar. 2024)

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What is SSB Bancorp 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. SSB Bancorp's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.46.

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, SSB Bancorp could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SSBP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.7 Max: 1.93
Current: 1.46

During the past 6 years, SSB Bancorp's highest Cash to Debt Ratio was 1.93. The lowest was 0.21. And the median was 0.70.

SSBP's Cash-to-Debt is ranked better than
53.82% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs SSBP: 1.46

SSB Bancorp Cash-to-Debt Historical Data

The historical data trend for SSB Bancorp'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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SSB Bancorp Cash-to-Debt Chart

SSB Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.66

0.32

0.78

0.99

1.32

SSB Bancorp Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.93	1.89	1.32	1.46

Competitive Comparison of SSB Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, SSB Bancorp'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.

SSB Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where SSB Bancorp's Cash-to-Debt falls into.

SSB Bancorp 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.

SSB Bancorp'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)
	=	26.716	/	(0	+	20.25)
	=	1.32

SSB Bancorp's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	29.602	/	(0	+	20.25)
	=	1.46

SSB Bancorp (OTCPK:SSBP) 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.

SSB Bancorp Cash-to-Debt Related Terms

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

SSB Bancorp (SSB Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SSB Bancorp Inc (OTCPK:SSBP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8700 Perry Highway, Pittsburgh, PA, USA, 15237

Website

https://www.ssbpgh.com

SSB Bancorp Inc is engaged in the provision of financial services to individuals and corporate customers. The bank offers deposits, loans, consumer financing, certificate of deposits, mortgage loans, card services, internet banking, insurance, and other related services.

Executives

Moon Joseph Daniel Iv	director, officer: President, CEO & CFO	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Gretchen Givens Generett	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Kenneth J. Broadbent	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Benjamin Contrucci	officer: Vice President of Subsidiary	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Peter F. Stires	officer: VP of Comm Lending	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Docchio David H. Jr.	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Mark C. Joseph	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Bernie M. Simons	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Bancorp, Mhc Ssb	10 percent owner	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Jennifer R. Harris	officer: Chief Lending Officer of Sub	8700 PERRY HIGHWAY, PITTSBURGH PA 15237