Cadence Bank (Cadence Bank) Cash-to-Debt : 1.08 (As of Dec. 2023)

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What is Cadence 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. Cadence Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.08.

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, Cadence Bank 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 Cadence Bank's Cash-to-Debt or its related term are showing as below:

CADE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 1.33 Max: 53.51
Current: 1.08

During the past 13 years, Cadence Bank's highest Cash to Debt Ratio was 53.51. The lowest was 0.35. And the median was 1.33.

CADE's Cash-to-Debt is ranked worse than
54% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs CADE: 1.08

Cadence Bank Cash-to-Debt Historical Data

The historical data trend for Cadence 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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Cadence Bank Cash-to-Debt Chart

Cadence Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.10

1.38

2.68

0.56

1.08

Cadence Bank 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															0.56	0.83	0.44	0.51	1.08

Competitive Comparison of Cadence Bank's Cash-to-Debt

For the Banks - Regional subindustry, Cadence 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.

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

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

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

Cadence 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.

Cadence 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)
	=	4232.265	/	(3500	+	438.46)
	=	1.07

Cadence Bank'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)
	=	4232.265	/	(3500	+	438.46)
	=	1.07

Cadence Bank (NYSE:CADE) 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.

Cadence Bank Cash-to-Debt Related Terms

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Cadence Bank (Cadence Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cadence Bank (NYSE:CADE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CADEpA.PFD:USA

Address

201 South Spring Street, One Mississippi Plaza, Tupelo, MS, USA, 38804

Website

https://www.cadencebank.com

Cadence Bank is a bank based in the United States. The operating segments 1) Banking Services segment provides all traditional banking products and services, including commercial loans and deposits. 2) Mortgage segment includes mortgage banking activities of originating mortgage loans, and selling mortgage loans in the secondary market.3) Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities solutions to help protect, grow and transfer wealth. 4) Insurance Agencies segment provides service as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, etc. 5) General Corporate and Other segment included other activities not allocated to other aforementioned operating segments.