American National Bankshares (American National Bankshares) Cash-to-Debt : 1.05 (As of Dec. 2023)

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What is American National Bankshares 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. American National Bankshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.05.

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, American National Bankshares 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 American National Bankshares's Cash-to-Debt or its related term are showing as below:

AMNB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 2.02 Max: 17.95
Current: 1.05

During the past 13 years, American National Bankshares's highest Cash to Debt Ratio was 17.95. The lowest was 0.57. And the median was 2.02.

AMNB's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.25 vs AMNB: 1.05

American National Bankshares Cash-to-Debt Historical Data

The historical data trend for American National Bankshares'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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American National Bankshares Cash-to-Debt Chart

American National Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.24

10.51

17.95

0.57

1.05

American National Bankshares 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															0.57	1.94	2.12	0.66	1.05

Competitive Comparison of American National Bankshares's Cash-to-Debt

For the Banks - Regional subindustry, American National Bankshares'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.

American National Bankshares's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where American National Bankshares's Cash-to-Debt falls into.

American National Bankshares 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.

American National Bankshares'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)
	=	66.719	/	(35	+	28.435)
	=	1.05

American National Bankshares'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)
	=	66.719	/	(35	+	28.435)
	=	1.05

American National Bankshares (NAS:AMNB) 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.

American National Bankshares Cash-to-Debt Related Terms

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

American National Bankshares (American National Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » American National Bankshares Inc (NAS:AMNB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

628 Main Street, Danville, VA, USA, 24541

Website

https://www.amnb.com

American National Bankshares Inc is a one-bank holding company. The Bank provides a full array of financial products and services, including commercial, mortgage, and consumer banking; trust and investment services; and insurance. Services are also provided through 37 Automated Teller Machines, Online Banking, and Telephone Banking. The company has two reportable segments, community banking and wealth management.

Executives

Rick J Barker	director	628 MAIN STREET, DANVILLE VA 24541
Adrian T Smith	director	628 MAIN STREET, DANVILLE VA 24541
Jeffrey V Haley	director, officer: Executive VP
Farrell William J Ii	director	21 KENWICK ROAD, HOCKESSIN DE 19707
Rhonda P Joyce	officer: EVP	445 MT CROSS ROAD, DANVILLE VA 24540
Settle John H Jr	officer: EVP	628 MAIN STREET, DANVILLE VA 24541
Duggins James Nathan Iii	director	445 MT CROSS ROAD, DANVILLE VA 24540
Jeffrey W Farrar	officer: EVP	628 MAIN STREET, DANVILLE VA 24541
Alexander Jung	officer: EVP	445 MT CROSS ROAD, DANVILLE VA 24540
Cathy W Liles	officer: SVP	445 MT CROSS ROAD, DANVILLE VA 24540
Hunter Gregg Strader	officer: Executive Vice President	2022 PEMBROKE ROAD, GREENSBORO NC 27408
John H Love	director	628 MAIN STREET, DANVILLE VA 24541
Susan King Still	director	AMERICAN NATIONAL BANKSHARES INC, 628 MAIN STREET, DANVILLE VA 24541
Kenneth S. Bowling	director	AMERICAN NATIONAL BANKSHARES INC, 628 MAIN STREET, DANVILLE VA 24541
Charles S Harris	director	420 WEST MAIN STREET, DANVILLE VA 24541