Old Point Financial (Old Point Financial) Cash-to-Debt : 0.79 (As of Dec. 2023)

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What is Old Point Financial 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. Old Point Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.79.

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

OPOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 1.22 Max: No Debt
Current: 0.79

During the past 13 years, Old Point Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 1.22.

OPOF's Cash-to-Debt is ranked worse than
62.06% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs OPOF: 0.79

Old Point Financial Cash-to-Debt Historical Data

The historical data trend for Old Point 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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Old Point Financial Cash-to-Debt Chart

Old Point Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.21

89.21

6.04

0.26

0.79

Old Point 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															0.26	0.28	0.54	0.78	0.79

Competitive Comparison of Old Point Financial's Cash-to-Debt

For the Banks - Regional subindustry, Old Point 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.

Old Point Financial's Cash-to-Debt Distribution in the Banks Industry

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

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

Old Point 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.

Old Point 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)
	=	78.27	/	(0	+	99.118)
	=	0.79

Old Point 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)
	=	78.27	/	(0	+	99.118)
	=	0.79

Old Point Financial (NAS:OPOF) 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.

Old Point Financial Cash-to-Debt Related Terms

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

Old Point Financial (Old Point Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old Point Financial Corp (NAS:OPOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 East Queen Street, Hampton, VA, USA, 23669

Website

https://www.oldpoint.com

Old Point Financial Corp functions in the financial services domain in the United States. As the holding company of The Bank and Trust, it is a nationally chartered trust and wealth management service, provider. Its suite of services includes commercial banking solutions such as loan, deposit and cash management, which are rendered through a chain of branches throughout the country. It operates through segments such as Bank, Wealth and Company.

Executives

Sarah B Golden	director	PO BOX 3392, HAMPTON VA 23663
Tom B Langley	director	PO BOX 3392, HAMPTON VA 23663
Michael A Glasser	director	PO BOX 3392, HAMPTON VA 23663
Joseph R Witt	director, other: EVP, Corporate Banking, OPNB	PO BOX 3392, HAMPTON VA 23663
Paul M Pickett	officer: Chief Financial Officer	PO BOX 3392, HAMPTON VA 23663
Elizabeth S Wash	director	1104 WORMLEY CREEK DRIVE, YORKTOWN VA 23692
Pl Capital Advisors, Llc	10 percent owner	750 ELEVENTH STREET SOUTH, SUITE 202, NAPLES FL 34102
John Cabot Ishon	director	PO BOX 3392, HAMPTON VA 23663
Thacker Clark Rebekah Ellen	director	PO BOX 3392, HAMPTON VA 23663
Adams Stephen Conway	director	PO BOX 3392, HAMPTON VA 23663
Shuford Robert F Jr	other: EVP/CHIEF OPERATING OFFR-OPNB	PO BOX 3392, HAMPTON VA 23663
Greene Dr Arthur D	director	PO BOX 3392, HAMPTON VA 23663
John W Palmer	10 percent owner	C/O SECURITY FINANCIAL BANCORP INC, 9321 WICKER AVE, ST JOHN IN 46373
Richard J Lashley	10 percent owner	C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Kauders A Eric Jr	officer: SVP/Trust	101 E QUEEN ST, HAMPTON VA 23669