Unity Bancorp (Unity Bancorp) Cash-to-Debt : 0.53 (As of Dec. 2023)

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What is Unity 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. Unity Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.53.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Unity Bancorp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

UNTY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.2 Max: 4.4
Current: 0.59

During the past 13 years, Unity Bancorp's highest Cash to Debt Ratio was 4.40. The lowest was 0.07. And the median was 0.20.

UNTY's Cash-to-Debt is ranked worse than
72.49% of 1436 companies
in the Banks industry
Industry Median: 1.275 vs UNTY: 0.59

Unity Bancorp Cash-to-Debt Historical Data

The historical data trend for Unity 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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Unity Bancorp Cash-to-Debt Chart

Unity Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.11

4.40

0.29

0.53

Unity Bancorp 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															0.33	0.35	0.41	0.53	0.59

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

For the Banks - Regional subindustry, Unity 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.

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

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

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

Unity 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.

Unity 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)
	=	194.776	/	(0	+	366.748)
	=	0.53

Unity Bancorp's Cash to Debt Ratio for the quarter 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)
	=	194.776	/	(0	+	366.748)
	=	0.53

Unity Bancorp (NAS:UNTY) 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.

Unity Bancorp Cash-to-Debt Related Terms

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

Unity Bancorp (Unity Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (NAS:UNTY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UTB:Germany

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

http://www.unitybank.com

Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

Executives

Daniel C Sharabba	officer: Senior Retail Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim	officer: Chief Credit Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Vincent Geraci	officer: Director of Mortgage Lending	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr.	director	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies	officer: Controller/FVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii	director, 10 percent owner	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas	director, 10 percent owner, other: Chairman of the Board	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
George Boyan	officer: Chief Financial Officer	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright	director	9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak	officer: EVP/COO	C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Janice Bolomey	officer: EVP/CAO	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan	officer: Chief Lending Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Stephen Rooney	officer: Chief Lending Officer/1st SVP	212 DOLSON AVENUE, MIDDLETOWN NY 10940
Mark S Brody	director
Laureen Cook	officer: Chief Accounting Officer	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809