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First National Corp  (FXNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

First National's Quick Ratio

FXNC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the first quarter 2024, Quick Ratio fell to 0.13 a new company low.

Within Regional Banks industry 63 other companies have achieved higher Quick Ratio than First National in first quarter 2024. While Quick Ratio total ranking has improved so far during the I Quarter 2024 to 2450, from total ranking in the forth quarter 2023 at 2692.

Explain Quick Ratio?
How much Cash & cash equivalents FXNCs has?
What are FXNCs Current Liabilities?


FXNC Quick Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities Change 1.42 % -0.61 % -2.44 % -4.15 % -3.97 %
Y / Y Cash & cash equivalent Change -10.07 % -2.24 % -6.96 % -62.59 % -65.08 %
Quick Ratio MRQ 0.13 0.14 0.13 0.14 0.15
FXNC's Total Ranking # 2450 # 2692 # 2620 # 3170 # 3322
Seq. Current Liabilities Change 2.06 % -0.12 % -0.58 % 0.07 % 0.02 %
Seq. Cash & cash equivalent Change -4.65 % 2.85 % -5.22 % -3.25 % 3.66 %



Quick Ratio first quarter 2024 Company Ranking
Within: No.
Regional Banks Industry # 64
Financial Sector # 484
Overall Market # 2450


Quick Ratio Statistics
High Average Low
0.4 0.25 0.13
(Dec 31 2021)   (Mar 31 2024)




Financial Statements
First National's Current Liabilities $ 1,259 Millions Visit FXNC's Balance sheet
First National's Cash & cash equivalent $ 162 Millions Visit FXNC's Balance sheet
Source of FXNC's Sales Visit FXNC's Sales by Geography


Cumulative First National's Quick Ratio

FXNC's Quick Ratio for the trailling 12 Months

FXNC Quick Ratio

(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities TTM Growth 1.42 % -0.61 % -2.44 % -4.15 % -3.97 %
Y / Y Cash & cash equivalent TTM Growth -10.07 % -2.24 % -6.96 % -62.59 % -65.08 %
Quick Ratio TTM 0.14 0.14 0.14 0.14 0.2
Total Ranking TTM # 1883 # 2213 # 2936 # 3083 # 2940
Seq. Current Liabilities TTM Growth 2.06 % -0.12 % -0.58 % 0.07 % 0.02 %
Seq. Cash & cash equivalent TTM Growth -4.65 % 2.85 % -5.22 % -3.25 % 3.66 %


On the trailing twelve months basis In Spite of the rise in Current Liabilities in the I Quarter 2024 to $1,259.14 millions, cumulative Quick Ratio remained unchanged at 0.14 below the First National Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry 63 other companies have achieved higher Quick Ratio than First National. While Quick Ratio overall ranking has improved so far to 1883, from total ranking during the twelve months ending forth quarter 2023 at 2213.

Explain Quick Ratio?
How much Cash & cash equivalents FXNCs has?
What are FXNCs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 64
Financial Sector # 484
Within the Market # 1883


trailing twelve months Quick Ratio Statistics
High Average Low
0.4 0.25 0.13
(Dec 31 2021)   (Mar 31 2024)




Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Regional Banks Industry Quick RatioMar 31 2024 MRQ Cash & cash equivalentMar 31 2024 MRQ Current Liabilities
Hilltop Holdings Inc   0.35 $ 4,639.186  Millions$ 13,213.132  Millions
Commerce Bancshares Inc   0.35 $ 9,432.735  Millions$ 26,945.771  Millions
First Bancorp  0.34 $ 5,735.183  Millions$ 16,749.544  Millions
Bank Of The James Financial Group Inc   0.34 $ 302.894  Millions$ 894.016  Millions
Auburn National Bancorporation Inc   0.33 $ 296.570  Millions$ 901.186  Millions
F and m Bank Corp   0.32 $ 387.325  Millions$ 1,223.286  Millions
New York Community Bancorp Inc   0.29 $ 22,240.000  Millions$ 76,816.000  Millions
Isabella Bank Corp  0.29 $ 517.585  Millions$ 1,811.305  Millions
Peoples Bancorp Of North Carolina Inc   0.28 $ 423.794  Millions$ 1,528.344  Millions
Heartland Financial Usa Inc   0.28 $ 4,486.746  Millions$ 16,185.014  Millions
Farmers and Merchants Bancshares Inc   0.26 $ 187.859  Millions$ 716.982  Millions
Hills Bancorporation  0.26 $ 878.084  Millions$ 3,369.532  Millions
Flushing Financial Corporation  0.26 $ 210.723  Millions$ 815.937  Millions
Provident Bancorp Inc   0.26 $ 360.361  Millions$ 1,412.078  Millions
West Bancorporation Inc   0.24 $ 753.752  Millions$ 3,099.253  Millions
Acnb Corporation  0.23 $ 425.114  Millions$ 1,852.527  Millions
Chemung Financial Corp  0.22 $ 566.028  Millions$ 2,527.113  Millions
Community Trust Bancorp Inc  0.22 $ 1,111.750  Millions$ 5,028.806  Millions
Norwood Financial Corp  0.22 $ 417.893  Millions$ 1,910.790  Millions
Bank7 Corp   0.22 $ 345.090  Millions$ 1,584.118  Millions
1st Source Corp  0.21 $ 1,583.244  Millions$ 7,387.482  Millions
Central Pacific Financial Corp  0.21 $ 1,384.191  Millions$ 6,635.508  Millions
Columbia Banking System Inc   0.21 $ 8,616.545  Millions$ 41,919.733  Millions
Washington Trust Bancorp Inc  0.20 $ 1,075.648  Millions$ 5,347.893  Millions
Southside Bancshares Inc   0.20 $ 1,405.221  Millions$ 7,003.445  Millions
First Northwest Bancorp  0.20 $ 341.517  Millions$ 1,702.831  Millions
Independent Bank Corp   0.20 $ 3,011.046  Millions$ 15,043.221  Millions
Rbb Bancorp  0.20 $ 604.437  Millions$ 3,028.329  Millions
Red River Bancshares Inc   0.20 $ 545.967  Millions$ 2,761.810  Millions
Pb Bankshares Inc  0.19 $ 66.787  Millions$ 352.846  Millions

Date modified: 2024-05-15T13:43:18+00:00



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