Veritex Holdings (Veritex Holdings) Cash-to-Debt : 1.91 (As of Dec. 2023)

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What is Veritex Holdings 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. Veritex Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.91.

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

VBTX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 1.67 Max: 5.07
Current: 2.25

During the past 13 years, Veritex Holdings's highest Cash to Debt Ratio was 5.07. The lowest was 0.22. And the median was 1.67.

VBTX's Cash-to-Debt is ranked better than
65.53% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs VBTX: 2.25

Veritex Holdings Cash-to-Debt Historical Data

The historical data trend for Veritex Holdings'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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Veritex Holdings Cash-to-Debt Chart

Veritex Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.22

0.38

0.31

1.91

Veritex Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.42	0.43	1.66	1.91	2.25

Competitive Comparison of Veritex Holdings's Cash-to-Debt

For the Banks - Regional subindustry, Veritex Holdings'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.

Veritex Holdings's Cash-to-Debt Distribution in the Banks Industry

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

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

Veritex Holdings 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.

Veritex Holdings'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)
	=	629.063	/	(0	+	329.783)
	=	1.91

Veritex Holdings'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)
	=	629.063	/	(0	+	329.783)
	=	1.91

Veritex Holdings (NAS:VBTX) 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.

Veritex Holdings Cash-to-Debt Related Terms

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

Veritex Holdings (Veritex Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Veritex Holdings Inc (NAS:VBTX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8214 Westchester Drive, Suite 800, Dallas, TX, USA, 75225

Website

https://www.veritexbank.com

Veritex Holdings Inc is engaged in the provision of commercial banking products and services to small to medium-sized businesses and professionals. The bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. The company's primary sources of revenue are derived from interest and dividends earned on loans, debt and equity securities and other financial instruments.

Executives

Gregory B Morrison	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Martin Dominic Karaba	officer: Chief Banking Officer	1010 GRAND BLVD, KANSAS CITY MO 64106
Terry Earley	officer: Chief Financial Officer	C/O CRESCENT FINANCIAL BANCSHARES, INC., 1005 HIGH HOUSE ROAD, CARY NC 27513
Fallon William	director	8214 WESTCHESTER DRIVE, SUITE 800, DALLAS TX 75225
Gordon Huddleston	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Pat S Bolin	director	5950 BERKSHIRE LANE, SUITE 1100, DALLAS TX 75225
Cara Mcdaniel	officer: Chief Talent Officer	8214 WESTCHESTER DRIVE, DALLAS TX 75225
John Sughrue	director	1807 ROSS AVENUE, SUITE 250, DALLAS TX 75201
Phil Donnelly	officer: SEVP, General Counsel	8214 WESTCHESTER DR. SUITE 800, DALLAS TX 75225
Michael Clayton Riebe	officer: Chief Credit Officer	8214 WESTCHESTER DRIVE SUITE 400, DALLAS TX 75225
Holland C Malcolm Iii	director, officer: Chairman, CEO, President	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Arcilia Acosta	director	LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Jim Recer	officer: Chief Banking Officer	8214 WESTCHESTER DRIVE, DALLAS TX 75225
Manuel J Mehos	director	COASTAL BANCORP INC, 5718 WESTHEIMER SUITE 600, HOUSTON TX 77057
William Don Ellis	director	4000 GREENBRIAR, HOUSTON TX 77098