VersaBank (TSX:VBNK) Cash per Share : C$5.09 (As of Oct. 2023)

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What is VersaBank Cash per Share?

Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents divided by Shares Outstanding (EOP). VersaBank's Cash per Share for the quarter that ended in Oct. 2023 was C$5.09.

VersaBank Cash per Share Historical Data

The historical data trend for VersaBank's Cash per Share 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.

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VersaBank Cash per Share Chart

VersaBank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash per Share

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6.59

12.20

9.90

3.25

5.09

VersaBank Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash per Share	Get a 7-Day Free Trial															3.25	7.62	8.60	3.38	5.09

VersaBank Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

VersaBank's Cash per Share for the fiscal year that ended in Oct. 2023 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	132.242	/	26.0
	=	5.09

VersaBank's Cash per Share for the quarter that ended in Oct. 2023 is calculated as:

Cash per Share	=	Balance Sheet Cash And Cash Equivalents	/	Shares Outstanding (EOP)
	=	132.242	/	26.0
	=	5.09

VersaBank (TSX:VBNK) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

VersaBank Cash per Share Related Terms

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VersaBank (TSX:VBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (TSX:VBNK) » Definitions » Cash per Share

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VBNK:USA VBNK.PR.A.PFD:Canada

Address

140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2

Website

https://www.versabank.com

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins, while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established a wholly-owned, subsidiary.