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

First National's Working Capital Ratio

FXNC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


First National's Current Assets grew by 1.2 % in the III Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in First National's Working Capital Ratio to 0.9, Working Capital Ratio remained below First National Corp average.

Within Regional Banks industry 65 other companies have achieved higher Working Capital Ratio than First National in third quarter 2023. While Working Capital Ratio total ranking has improved so far during the III Quarter 2023 to 2511, from total ranking in the second quarter 2023 at 3375.

Explain Working Capital Ratio
How much in Current Assets FXNC´s has?
What is the value of FXNC´s Current Liabilities?


FXNC Working Capital Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change -2.44 % -4.15 % -3.97 % -0.59 % 4.41 %
Y / Y Current Assets Change 2.47 % -18.49 % -19.35 % -17.45 % -16.28 %
Working Capital Ratio MRQ 0.9 0.88 0.88 0.88 0.85
FXNC's Total Ranking # 2511 # 3375 # 3499 # 3867 # 4070
Seq. Current Liabilities Change -0.58 % 0.07 % 0.02 % -1.95 % -2.32 %
Seq. Current Assets Change 1.2 % 0.57 % -0.18 % 0.87 % -19.5 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Regional Banks Industry # 66
Financial Sector # 409
Overall Market # 2511


Working Capital Ratio Statistics
High Average Low
1.12 1.01 0.85
(Mar 31 2015)   (Sep 30 2022)




Financial Statements
First National's Current Liabilities $ 1,235 Millions Visit FXNC's Balance sheet
First National's Current Assets $ 1,109 Millions Visit FXNC's Balance sheet
Source of FXNC's Sales Visit FXNC's Sales by Geography


Cumulative First National's Working Capital Ratio

FXNC's Working Capital Ratio for the trailling 12 Months

FXNC Working Capital Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth -2.44 % -4.15 % -3.97 % -0.59 % 4.41 %
Y / Y Current Assets TTM Growth 2.47 % -18.49 % -19.35 % -17.45 % -16.28 %
Working Capital Ratio TTM 0.88 0.87 0.91 0.96 1
Total Ranking TTM # 3047 # 2904 # 3081 # 0 # 3434
Seq. Current Liabilities TTM Growth -0.58 % 0.07 % 0.02 % -1.95 % -2.32 %
Seq. Current Assets TTM Growth 1.2 % 0.57 % -0.18 % 0.87 % -19.5 %


On the trailing twelve months basis FXNC Current Assets improved by 2.47 % in III Quarter 2023 year on year, while Current Liabilities decreased to $1,235 millions, this led to increase in in First National's Working Capital Ratio to 0.88, Working Capital Ratio remained below FXNC average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry 65 other companies have achieved higher Working Capital Ratio than First National. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 2904 to 3047.

Explain Working Capital Ratio
How much in Current Assets FXNC´s has?
What is the value of FXNC´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 66
Financial Sector # 409
Within the Market # 3047


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.12 1.01 0.85
(Mar 31 2015)   (Sep 30 2022)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Regional Banks Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Bm Technologies Inc   1.87 $ 23.401  Millions$ 12.513  Millions
Ecb Bancorp Inc   1.49 $ 1,206.670  Millions$ 812.531  Millions
Choiceone Financial Services Inc   1.47 $ 3,129.897  Millions$ 2,133.195  Millions
1895 Bancorp Of Wisconsin Inc   1.36 $ 529.018  Millions$ 388.072  Millions
Prosperity Bancshares Inc   1.25 $ 34,601.485  Millions$ 27,693.075  Millions
Washington Trust Bancorp Inc  1.24 $ 6,735.782  Millions$ 5,415.563  Millions
West Bancorporation Inc   1.24 $ 3,463.758  Millions$ 2,792.905  Millions
Metrocity Bankshares inc   1.24 $ 3,368.805  Millions$ 2,722.503  Millions
Cullman Bancorp Inc   1.24 $ 339.244  Millions$ 274.436  Millions
Hills Bancorporation  1.23 $ 4,140.799  Millions$ 3,367.939  Millions
Rbb Bancorp  1.20 $ 3,778.691  Millions$ 3,154.072  Millions
Connectone Bancorp Inc   1.17 $ 8,674.746  Millions$ 7,438.495  Millions
First Northwest Bancorp  1.16 $ 1,960.587  Millions$ 1,692.413  Millions
Bogota Financial Corp   1.15 $ 786.191  Millions$ 684.278  Millions
Independent Bank Corp  1.15 $ 17,278.448  Millions$ 15,059.526  Millions
Third Coast Bancshares Inc   1.14 $ 4,185.283  Millions$ 3,661.659  Millions
First Business Financial Services Inc   1.14 $ 3,114.076  Millions$ 2,735.703  Millions
Cvb Financial Corp   1.14 $ 14,366.294  Millions$ 12,628.338  Millions
Business First Bancshares Inc   1.13 $ 5,920.309  Millions$ 5,225.156  Millions
Middlefield Banc Corp   1.12 $ 1,652.523  Millions$ 1,469.759  Millions
Cambridge Bancorp  1.12 $ 5,121.352  Millions$ 4,565.926  Millions
Mercantile Bank Corporation  1.12 $ 4,670.186  Millions$ 4,171.533  Millions
Bar Harbor Bankshares  1.11 $ 3,475.890  Millions$ 3,140.494  Millions
Op Bancorp  1.11 $ 2,034.961  Millions$ 1,838.723  Millions
Mainstreet Bancshares Inc   1.10 $ 1,859.353  Millions$ 1,683.190  Millions
Byline Bancorp Inc   1.10 $ 7,641.840  Millions$ 6,953.690  Millions
Norwood Financial Corp  1.09 $ 2,033.225  Millions$ 1,859.310  Millions
Eagle Bancorp Montana Inc   1.08 $ 1,778.767  Millions$ 1,647.075  Millions
Columbia Banking System Inc   1.07 $ 45,009.988  Millions$ 41,882.751  Millions
Premier Financial Corp   1.07 $ 7,591.237  Millions$ 7,065.639  Millions

Date modified: 2023-11-13T23:47:22+00:00



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