OceanFirst Financial (OceanFirst Financial) Cash-to-Debt

: 0.16 (As of Dec. 2023)

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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. OceanFirst Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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

OCFC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.21 Max: 5.4
Current: 0.16

During the past 13 years, OceanFirst Financial's highest Cash to Debt Ratio was 5.40. The lowest was 0.11. And the median was 0.21.

OCFC's Cash-to-Debt is ranked worse than
89.6% of 1443 companies
in the Banks industry
Industry Median: 1.23 vs OCFC: 0.16

OceanFirst Financial Cash-to-Debt Historical Data

The historical data trend for OceanFirst Financial'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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OceanFirst Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

5.40

0.89

0.12

0.16

OceanFirst Financial 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															0.12	0.32	0.36	0.51	0.16

Competitive Comparison

For the Banks - Regional subindustry, OceanFirst Financial'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.

OceanFirst Financial Cash-to-Debt Distribution

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

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

OceanFirst Financial 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.

OceanFirst Financial'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)
	=	153.718	/	(0	+	974.456)
	=	0.16

OceanFirst Financial'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)
	=	153.718	/	(0	+	974.456)
	=	0.16

OceanFirst Financial (NAS:OCFC) 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.

OceanFirst Financial Cash-to-Debt Related Terms

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

OceanFirst Financial (OceanFirst Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OceanFirst Financial Corp (NAS:OCFC) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

OCFCP.PFD:USA

Address

110 West Front Street, Red Bank, NJ, USA, 07701

Website

https://www.oceanfirst.com

OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.

Executives

John F Barros	director	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Robert C Garrett	director	110 WEST FRONT STREET, RED BANK NJ 07701
Anthony Iii Giordano	other: Chief Retail Officer, OFB	4 KELLY LANE, LONG BRANCH NJ 07740
David Berninger	officer: EVP & Chief Risk Officer	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Dalila Wilson-scott	director	110 WEST FRONT STREET, RED BANK NJ 07701
Oceanfirst Financial Corp	director	975 HOOPER AVENUE, TOMS RIVER NJ 08723
Brian Schaeffer	other: EVP & CIO, OceanFirst Bank	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Joseph Iii Lebel	other: EVP, CBO OceanFirst Bank	975 HOOPER AVENUE, TOMS RIVER NJ 08754
Jack M. Farris	director	C/O OCEANFIRST BANK, 975 HOOPER AVE., TOMS RIVER NJ 08754
Christopher Maher	director, officer: Chairman, President and CEO	209 HAVEMEYER STREET, BROOKLYN NY 11211
Murphy Joseph M. Jr.	director	110 WEST FRONT STREET, RED BANK NJ 07701
Patrick Sean Barrett	officer: Executive Vice President & CFO	C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Patrick Chong	other: SVP/Principal Accounting Off.	110 WEST FRONT STREET, RED BANK NJ 07701
Michael D Devlin	director	834 CENTRAL AVENUE, P.O. BOX 189, HAMMONTON NJ 08037
Nicos Katsoulis	director	C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753