Bankwell Financial Group (Bankwell Financial Group) Cash-to-Debt : 1.68 (As of Dec. 2023)

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What is Bankwell Financial Group 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. Bankwell Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.68.

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, Bankwell Financial Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

BWFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 0.48 Max: 3.45
Current: 1.68

During the past 13 years, Bankwell Financial Group's highest Cash to Debt Ratio was 3.45. The lowest was 0.32. And the median was 0.48.

BWFG's Cash-to-Debt is ranked better than
58.39% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs BWFG: 1.68

Bankwell Financial Group Cash-to-Debt Historical Data

The historical data trend for Bankwell Financial Group'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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Bankwell Financial Group Cash-to-Debt Chart

Bankwell Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.45

2.02

3.45

2.17

1.68

Bankwell Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.17	1.57	1.30	1.62	1.68

Competitive Comparison of Bankwell Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Bankwell Financial Group'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.

Bankwell Financial Group's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Bankwell Financial Group's Cash-to-Debt falls into.

Bankwell Financial Group 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.

Bankwell Financial Group'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)
	=	267.521	/	(0	+	159.205)
	=	1.68

Bankwell Financial Group'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)
	=	267.521	/	(0	+	159.205)
	=	1.68

Bankwell Financial Group (NAS:BWFG) 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.

Bankwell Financial Group Cash-to-Debt Related Terms

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

Bankwell Financial Group (Bankwell Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bankwell Financial Group Inc (NAS:BWFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

258 Elm Street, New Canaan, CT, USA, 06840

Website

https://www.mybankwell.com

Bankwell Financial Group Inc is a bank holding company, engaged in providing financial products and services. It offers products related to commercial lending, retail lending, depository services, and others. The bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans to small and mid-sized businesses, and real estate construction and development loans. The retail lending products include residential mortgage loans, home equity lines of credit, and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, and time deposits.

Executives

Lawrence B Seidman	director	LANIDEX CORPORATE PARK, 100 LANIDEX PLAZA 1ST FL, PARSIPPANY NJ 07054
Eric J Dale	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Jeffrey R Dunne	director	90 BUTTERNUT LANE, SOUTHPORT CT 06890
Carl M Porto	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Blake S Drexler	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Christine Chivily	officer: EVP & Chief Credit Officer	C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Garnett James M Jr	director	C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Todd Lampert	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Anahaita N. Kotval	director	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Ryan Jason Hildebrand	officer: Chief Innovation Officer	32520 NE CORRAL CREEK ROAD, NEWBERG OR 97132
Christopher Gruseke	officer: Chief Strategic Officer	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Sacchetti Courtney E	officer: EVP & Chief Financial Officer	258 ELM STREET, NEW CANAAN CT 06840
Laura Waitz	officer: EVP & Chief of Staff	C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Darryl Demos	director	300 COLONIAL CENTER PARKWAY, SUITE 600, ROSWELL GA 30076
Richard Castiglioni	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840