Prime Meridian Holding Co (Prime Meridian Holding Co) Cash-to-Debt : 0.67 (As of Dec. 2023)

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What is Prime Meridian Holding Co 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. Prime Meridian Holding Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.67.

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, Prime Meridian Holding Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Prime Meridian Holding Co's Cash-to-Debt or its related term are showing as below:

PMHG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 10.29 Max: 22.13
Current: 0.99

During the past 11 years, Prime Meridian Holding Co's highest Cash to Debt Ratio was 22.13. The lowest was 0.67. And the median was 10.29.

PMHG's Cash-to-Debt is ranked worse than
57.7% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs PMHG: 0.99

Prime Meridian Holding Co Cash-to-Debt Historical Data

The historical data trend for Prime Meridian Holding Co'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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Prime Meridian Holding Co Cash-to-Debt Chart

Prime Meridian Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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11.57

9.90

22.13

1.77

0.67

Prime Meridian Holding Co 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															0.71	0.31	0.49	0.67	0.99

Competitive Comparison of Prime Meridian Holding Co's Cash-to-Debt

For the Banks - Regional subindustry, Prime Meridian Holding Co'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.

Prime Meridian Holding Co's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Prime Meridian Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Prime Meridian Holding Co's Cash-to-Debt falls into.

Prime Meridian Holding Co 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.

Prime Meridian Holding Co'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)
	=	13.56	/	(2.377	+	18.013)
	=	0.67

Prime Meridian Holding Co's Cash to Debt Ratio for the quarter 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)
	=	13.56	/	(2.377	+	18.013)
	=	0.67

Prime Meridian Holding Co (OTCPK:PMHG) 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.

Prime Meridian Holding Co Cash-to-Debt Related Terms

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

Prime Meridian Holding Co (Prime Meridian Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prime Meridian Holding Co (OTCPK:PMHG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1471 Timberlane Road, Tallahassee, FL, USA, 32312

Website

https://www.primemeridianbank.com

Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.