Farmers & Merchants Bank of Long Beach (Farmers & Merchants Bank of Long Beach) Cash-to-Debt : 0.89 (As of Mar. 2024)

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What is Farmers & Merchants Bank of Long Beach 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. Farmers & Merchants Bank of Long Beach's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.89.

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, Farmers & Merchants Bank of Long Beach couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Farmers & Merchants Bank of Long Beach's Cash-to-Debt or its related term are showing as below:

FMBL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: No Debt Max: No Debt
Current: 0.89

During the past 13 years, Farmers & Merchants Bank of Long Beach's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was No Debt.

FMBL's Cash-to-Debt is ranked worse than
60.22% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs FMBL: 0.89

Farmers & Merchants Bank of Long Beach Cash-to-Debt Historical Data

The historical data trend for Farmers & Merchants Bank of Long Beach'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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Farmers & Merchants Bank of Long Beach Cash-to-Debt Chart

Farmers & Merchants Bank of Long Beach Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.20

0.62

Farmers & Merchants Bank of Long Beach Quarterly Data
	Dec18	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															0.23	0.56	0.90	0.62	0.89

Competitive Comparison of Farmers & Merchants Bank of Long Beach's Cash-to-Debt

For the Banks - Regional subindustry, Farmers & Merchants Bank of Long Beach'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.

Farmers & Merchants Bank of Long Beach's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Farmers & Merchants Bank of Long Beach's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Farmers & Merchants Bank of Long Beach's Cash-to-Debt falls into.

Farmers & Merchants Bank of Long Beach 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.

Farmers & Merchants Bank of Long Beach'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)
	=	623.469	/	(0	+	1000)
	=	0.62

Farmers & Merchants Bank of Long Beach'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)
	=	1072.406	/	(0	+	1200)
	=	0.89

Farmers & Merchants Bank of Long Beach (OTCPK:FMBL) 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.

Farmers & Merchants Bank of Long Beach Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Farmers & Merchants Bank of Long Beach's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Farmers & Merchants Bank of Long Beach (Farmers & Merchants Bank of Long Beach) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers & Merchants Bank of Long Beach (OTCPK:FMBL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

302 Pine Avenue, Long Beach, CA, USA, 90802

Website

https://www.fmb.com

Farmers & Merchants Bank of Long Beach provides business banking products and services. It offers banking products and services, including accepting demand, money market, savings, and time deposits; originating loans, including commercial real estate loans, construction loans, and commercial business loans; and providing other business-oriented banking products and services. The Bank also provides financing for residential loans, including single-family and multifamily loans.

Farmers & Merchants Bank of Long Beach (Farmers & Merchants Bank of Long Beach) Headlines

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