Eastern Michigan Financial (Eastern Michigan Financial) Cash-to-Debt : 19.65 (As of Dec. 2006)

View and export this data going back to . Start your Free Trial

What is Eastern Michigan 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. Eastern Michigan Financial's cash to debt ratio for the quarter that ended in Dec. 2006 was 19.65.

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, Eastern Michigan Financial could pay off its debt using the cash in hand for the quarter that ended in Dec. 2006.

The historical rank and industry rank for Eastern Michigan Financial's Cash-to-Debt or its related term are showing as below:

EFIN's Cash-to-Debt is not ranked ^*
in the Banks industry.
Industry Median: 1.29
* Ranked among companies with meaningful Cash-to-Debt only.

Eastern Michigan Financial Cash-to-Debt Historical Data

The historical data trend for Eastern Michigan 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.

* Premium members only.

Eastern Michigan Financial Cash-to-Debt Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Cash-to-Debt

No Debt

19.65

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	19.65

Competitive Comparison of Eastern Michigan Financial's Cash-to-Debt

For the Banks - Regional subindustry, Eastern Michigan 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.

Eastern Michigan Financial's Cash-to-Debt Distribution in the Banks Industry

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

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

Eastern Michigan 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.

Eastern Michigan Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2006 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)
	=	5.599	/	(0	+	0.285)
	=	19.65

Eastern Michigan Financial's Cash to Debt Ratio for the quarter that ended in Dec. 2006 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)
	=	5.599	/	(0	+	0.285)
	=	19.65

Eastern Michigan Financial (OTCPK:EFIN) 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.

Eastern Michigan Financial Cash-to-Debt Related Terms

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

Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

Eastern Michigan Financial (Eastern Michigan Financial) Headlines

No Headlines