Waynevings Bancshares (Waynevings Bancshares) Cash-to-Debt : 0.44 (As of Dec. 2023)

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What is Waynevings Bancshares 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. Waynevings Bancshares's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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

WAYN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.55 Max: 3.17
Current: 0.44

During the past 13 years, Waynevings Bancshares's highest Cash to Debt Ratio was 3.17. The lowest was 0.24. And the median was 0.55.

WAYN's Cash-to-Debt is ranked worse than
74.93% of 1440 companies
in the Banks industry
Industry Median: 1.245 vs WAYN: 0.44

Waynevings Bancshares Cash-to-Debt Historical Data

The historical data trend for Waynevings Bancshares'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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Waynevings Bancshares Cash-to-Debt Chart

Waynevings Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.54

2.87

3.17

0.24

0.44

Waynevings Bancshares 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															0.24	0.15	0.15	0.19	0.44

Competitive Comparison of Waynevings Bancshares's Cash-to-Debt

For the Banks - Regional subindustry, Waynevings Bancshares'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.

Waynevings Bancshares's Cash-to-Debt Distribution in the Banks Industry

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

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

Waynevings Bancshares 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.

Waynevings Bancshares'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)
	=	20.884	/	(0	+	47)
	=	0.44

Waynevings Bancshares'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)
	=	20.884	/	(0	+	47)
	=	0.44

Waynevings Bancshares (OTCPK:WAYN) 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.

Waynevings Bancshares Cash-to-Debt Related Terms

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

Waynevings Bancshares (Waynevings Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wayne Savings Bancshares Inc (OTCPK:WAYN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 North Market Street, Wooster, OH, USA, 44691

Website

https://www.waynesavings.com

Wayne Savings Bancshares Inc a bank holding company. It offers services such as checking accounts, savings, business loans, online banking, mobile banking, and overdraft protection among others. The bank generates its revenue in the form of interest income.

Executives

Joel Dale Beckler	officer: SVP, Senior Loan Officer	3058 BAYBERRY COVE, WOOSTER OH 44691
Brian Hopkins	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
James R Vansickle	director, officer: President and CEO	112 WEST MARKET STREET, PO BOX 57, ORRVILLE OH 44667
Glenn W Miller	director	151 N MARKET ST, WOOSTER OH 44691
David L Lehman	director	151 N MARKET ST, WOOSTER OH 44691
Myron L Swartzentruber	officer: Senior Vice Preisdent/CFO	C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Debra A Marthey	director	151 N MARKET ST, WOOSTER OH 44691
Jonathan Ciccotelli	director	C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Rod C Steiger	director
Daniel R Buehler	director	WAYNE SAVINGS BANCSHARES INC, 151 NORTH MARKET STREET, WOOSTER OH 44691
Steven G Dimos	officer: EVP/Chief Operations Officer	C/O WAYNE SAVINGS COMMUNITY BANK, 151 NORTH MARKET STREET, WOOSTER OH 44691
Peggy J Schmitz	director	WAYNE SAVINGS COMMUNITY BANK, 151 N MARKET STREET, WOOSTER OH 44691
Bryan K Fehr	officer: See footnote (1)	151 N MARKET STREET, WOOSTER OH 44691
Fitz Gibbon H Stewart Iii	officer: See footnote (1)	WAYNE SAVINGS BANCSHARES, 151 N. MARKET STREET, WOOSTER OH 44691
Phillip E Becker	officer: EVP/CHIEF LENDING OFFICER	WAYNE SAVINGS BANCSHARES INC, 151 N. MARKET STREET, WOOSTER OH 44691