First Sound Bank WA (First Sound Bank WA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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

What is First Sound Bank WA 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 Sound Bank WA's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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 Sound Bank WA could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

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

During the past 3 years, First Sound Bank WA's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FSWA's Cash-to-Debt is ranked better than
99.72% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs FSWA: No Debt

First Sound Bank WA Cash-to-Debt Historical Data

The historical data trend for First Sound Bank WA'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.

First Sound Bank WA Cash-to-Debt Chart

First Sound Bank WA Annual Data

Trend

Dec04

Dec05

Dec06

Cash-to-Debt

No Debt

1.48

2.82

First Sound Bank WA Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Jun22	Sep22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	N/A	N/A	No Debt	No Debt

Competitive Comparison of First Sound Bank WA's Cash-to-Debt

For the Banks - Regional subindustry, First Sound Bank WA'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 Sound Bank WA's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where First Sound Bank WA's Cash-to-Debt falls into.

First Sound Bank WA 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 Sound Bank WA'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)
	=	8.47	/	(0	+	3)
	=	2.82

First Sound Bank WA's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

First Sound Bank WA had no debt ⁽¹⁾.

First Sound Bank WA (OTCPK:FSWA) 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 Sound Bank WA Cash-to-Debt Related Terms

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

First Sound Bank WA (First Sound Bank WA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Sound Bank WA (OTCPK:FSWA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 Fourth Avenue, Suite 2350, Seattle, WA, USA, 98104

Website

https://www.firstsoundbank.com

First Sound Bank WA is a commercial bank. It provides loan and deposit services to customers who are predominately small and midsized businesses, not-for-profit organizations, entrepreneurs, and professional service firms. The Bank provides small commercial equipment financing agreements (EFA) to businesses that are located throughout the United States. Additionally, the group also provides business banking, equipment financing, personal banking, and online banking services.