First Farmers Financial (First Farmers Financial) Cash-to-Debt : 1.81 (As of Mar. 2024)

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What is First Farmers 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. First Farmers Financial's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.81.

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, First Farmers Financial could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FFMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.59 Max: 2.74
Current: 1.81

During the past 10 years, First Farmers Financial's highest Cash to Debt Ratio was 2.74. The lowest was 0.24. And the median was 0.59.

FFMR's Cash-to-Debt is ranked better than
59.15% of 1432 companies
in the Banks industry
Industry Median: 1.3 vs FFMR: 1.81

First Farmers Financial Cash-to-Debt Historical Data

The historical data trend for First Farmers 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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First Farmers Financial Cash-to-Debt Chart

First Farmers Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.35

0.92

2.74

0.71

0.67

First Farmers Financial 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															1.65	0.26	0.53	0.67	1.81

Competitive Comparison of First Farmers Financial's Cash-to-Debt

For the Banks - Regional subindustry, First Farmers 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.

First Farmers Financial's Cash-to-Debt Distribution in the Banks Industry

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

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

First Farmers 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.

First Farmers 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)
	=	59.634	/	(0	+	88.92)
	=	0.67

First Farmers Financial's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	141.285	/	(0	+	78.019)
	=	1.81

First Farmers Financial (OTCPK:FFMR) 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.

First Farmers Financial Cash-to-Debt Related Terms

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First Farmers Financial (First Farmers Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Farmers Financial Corp (OTCPK:FFMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 North Jefferson Street, Converse, IN, USA, 46919

Website

https://www.ffbt.com

First Farmers Financial Corp and its subsidiaries operate in the banking industry. The bank categorized its services into personal, business, borrowing, and investment divisions. Its products and services include deposits, retirement and health saving accounts, consumer loans, home equity, and account management and leasing. The bank makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash; and Illinois counties of Coles, Edgar, and Vermilion.