Permanent TSB Group Holdings (DUB:PTSB) Cash-to-Debt : 1.08 (As of Dec. 2023)

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What is Permanent TSB Group Holdings 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. Permanent TSB Group Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.08.

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, Permanent TSB Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Permanent TSB Group Holdings's Cash-to-Debt or its related term are showing as below:

DUB:PTSB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.9 Max: 4.86
Current: 1.08

During the past 13 years, Permanent TSB Group Holdings's highest Cash to Debt Ratio was 4.86. The lowest was 0.18. And the median was 0.90.

DUB:PTSB's Cash-to-Debt is ranked worse than
55.68% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs DUB:PTSB: 1.08

Permanent TSB Group Holdings Cash-to-Debt Historical Data

The historical data trend for Permanent TSB Group Holdings'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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Permanent TSB Group Holdings Cash-to-Debt Chart

Permanent TSB Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.28

3.61

4.86

1.91

1.08

Permanent TSB Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															4.86	4.99	1.91	1.47	1.08

Competitive Comparison of Permanent TSB Group Holdings's Cash-to-Debt

For the Banks - Regional subindustry, Permanent TSB Group Holdings'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.

Permanent TSB Group Holdings's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Permanent TSB Group Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Permanent TSB Group Holdings's Cash-to-Debt falls into.

Permanent TSB Group Holdings 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.

Permanent TSB Group Holdings'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)
	=	1945	/	(0	+	1804)
	=	1.08

Permanent TSB Group Holdings'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)
	=	1945	/	(0	+	1804)
	=	1.08

Permanent TSB Group Holdings (DUB:PTSB) 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.

Permanent TSB Group Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Permanent TSB Group Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Permanent TSB Group Holdings (DUB:PTSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Permanent TSB Group Holdings PLC (DUB:PTSB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ILPMY:USA ILPMF:USA PTSBi:UK PTSB:UK IL0A:Germany

Address

56 - 59, St. Stephen's Green, Dublin, IRL, 2

Website

https://www.permanenttsbgroup.ie

Permanent TSB Group Holdings PLC is a traditional retail banking group operating in Ireland. The company primarily serves individual customers and small- to medium-sized enterprises through a multi-channel distribution model. Such channels include branches, brokers, mobile, phone, and online banking. The group's strategy emphasizes developing customer relationships and maintaining a low-risk profile. Nearly all of the bank's income is net interest income, derived mostly from loans and advances to customers.

Permanent TSB Group Holdings (DUB:PTSB) Headlines

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