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Security Federal Corp  (SFDL)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Security Federal's Quick Ratio

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


Security Federal's Cash & cash equivalent grew by 8.35 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Security Federal's Quick Ratio to 0.51, Quick Ratio remained below Security Federal Corp average.

Within Regional Banks industry Security Federal Corp booked the highest Quick Ratio than Security Federal in the forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 1447, from total ranking in the third quarter 2023 at 2447.

Explain Quick Ratio?
How much Cash & cash equivalents SFDL´s has?
What are SFDL´s Current Liabilities?


SFDL Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 13.87 % 12.19 % 8.61 % 3.92 % 3.42 %
Y / Y Cash & cash equivalent Change 239.16 % 4.26 % -2.25 % -15.14 % -72.31 %
Quick Ratio MRQ 0.51 0.49 0.5 0.48 0.17
SFDL's Total Ranking # 1447 # 2447 # 2582 # 2755 # 4361
Seq. Current Liabilities Change 4.7 % 0.53 % 6.72 % 1.38 % 3.16 %
Seq. Cash & cash equivalent Change 8.35 % -0.56 % 9.41 % 187.7 % -66.69 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Regional Banks Industry # 1
Financial Sector # 220
Overall Market # 1446


Quick Ratio Statistics
High Average Low
0.68 0.53 0.02
(Jun 30 2014)   (Jun 30 2013)




Financial Statements
Security Federal's Current Liabilities $ 1,314 Millions Visit SFDL's Balance sheet
Security Federal's Cash & cash equivalent $ 668 Millions Visit SFDL's Balance sheet
Source of SFDL's Sales Visit SFDL's Sales by Geography


Cumulative Security Federal's Quick Ratio

SFDL's Quick Ratio for the trailling 12 Months

SFDL Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 13.87 % 12.19 % 8.61 % 3.92 % 3.42 %
Y / Y Cash & cash equivalent TTM Growth 239.16 % 4.26 % -2.25 % -15.14 % -72.31 %
Quick Ratio TTM 0.5 0.41 0.42 0.43 0.46
Total Ranking TTM # 1447 # 2447 # 2582 # 2755 # 4361
Seq. Current Liabilities TTM Growth 4.7 % 0.53 % 6.72 % 1.38 % 3.16 %
Seq. Cash & cash equivalent TTM Growth 8.35 % -0.56 % 9.41 % 187.7 % -66.69 %


On the trailing twelve months basis SFDL Cash & cash equivalent more than doubled by 239.16 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Security Federal's Quick Ratio to 0.5, Quick Ratio remained below SFDL average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry SFDL achieved the highest Quick Ratio. While Quick Ratio overall ranking has improved so far to 0, from total ranking during the twelve months ending third quarter 2023 at 1663.

Explain Quick Ratio?
How much Cash & cash equivalents SFDL´s has?
What are SFDL´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 1
Financial Sector # 220
Within the Market # 1447


trailing twelve months Quick Ratio Statistics
High Average Low
0.68 0.53 0.02
(Jun 30 2014)   (Jun 30 2013)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Regional Banks Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Peoples Financial Corp  0.53 $ 362.271  Millions$ 688.490  Millions
Security Federal Corp  0.51 $ 668.274  Millions$ 1,314.197  Millions
Northern Trust Corporation  0.45 $ 54,103.000  Millions$ 119,994.100  Millions
International Bancshares Corporation  0.44 $ 5,482.216  Millions$ 12,354.970  Millions
Macatawa Bank Corp  0.39 $ 959.150  Millions$ 2,431.614  Millions
Auburn National Bancorporation Inc   0.37 $ 329.449  Millions$ 897.729  Millions
Commerce Bancshares Inc   0.36 $ 10,132.932  Millions$ 28,272.713  Millions
First Ban corp   0.35 $ 5,894.087  Millions$ 16,750.240  Millions
Hilltop Holdings Inc   0.35 $ 4,695.284  Millions$ 13,393.964  Millions
Bank Of The James Financial Group Inc   0.33 $ 291.348  Millions$ 878.939  Millions
Franklin Financial Services Corporation  0.30 $ 495.643  Millions$ 1,627.978  Millions
Farmers and Merchants Bancshares Inc   0.29 $ 208.875  Millions$ 722.206  Millions
Heartland Financial Usa Inc   0.28 $ 4,738.168  Millions$ 17,106.194  Millions
Acnb Corporation  0.27 $ 510.750  Millions$ 1,918.695  Millions
Rbb Bancorp  0.24 $ 750.334  Millions$ 3,174.760  Millions
Chemung Financial Corp  0.24 $ 583.993  Millions$ 2,473.022  Millions
Community Trust Bancorp Inc  0.23 $ 1,163.969  Millions$ 4,957.756  Millions
Norwood Financial Corp  0.23 $ 434.792  Millions$ 1,879.745  Millions
Bank7 Corp   0.22 $ 350.529  Millions$ 1,591.693  Millions
1st Source Corporation  0.22 $ 1,622.600  Millions$ 7,406.749  Millions
West Bancorporation Inc   0.22 $ 689.276  Millions$ 3,158.348  Millions
Columbia Banking System Inc   0.21 $ 8,829.870  Millions$ 41,859.139  Millions
Independent Bank Corp  0.21 $ 3,109.721  Millions$ 14,865.547  Millions
Washington Trust Bancorp Inc  0.20 $ 1,090.564  Millions$ 5,348.160  Millions
Central Pacific Financial Corp   0.20 $ 1,395.729  Millions$ 6,866.540  Millions
Flushing Financial Corporation  0.20 $ 172.157  Millions$ 847.416  Millions
Red River Bancshares Inc   0.20 $ 570.092  Millions$ 2,813.192  Millions
Eagle Bancorp Montana Inc   0.19 $ 318.279  Millions$ 1,671.657  Millions
Stock Yards Bancorp Inc   0.19 $ 1,297.138  Millions$ 6,838.685  Millions
Horizon Bancorp Inc   0.19 $ 1,073.766  Millions$ 5,687.142  Millions

Date modified: 2024-03-22T11:09:21+00:00



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