PNC (PNC Financial Services Group) Cash-to-Debt : 0.55 (As of Jun. 2024)

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What is PNC Financial Services Group 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. PNC Financial Services Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.55.

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, PNC Financial Services Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for PNC Financial Services Group's Cash-to-Debt or its related term are showing as below:

PNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.64 Max: 2.83
Current: 0.61

During the past 13 years, PNC Financial Services Group's highest Cash to Debt Ratio was 2.83. The lowest was 0.29. And the median was 0.64.

PNC's Cash-to-Debt is ranked worse than
69.93% of 1500 companies
in the Banks industry
Industry Median: 1.295 vs PNC: 0.61

PNC Financial Services Group Cash-to-Debt Historical Data

The historical data trend for PNC Financial Services Group'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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PNC Financial Services Group Cash-to-Debt Chart

PNC Financial Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.47

2.48

2.67

0.59

0.70

PNC Financial Services Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.71	0.70	0.82	0.55	0.61

Competitive Comparison of PNC Financial Services Group's Cash-to-Debt

For the Banks - Regional subindustry, PNC Financial Services Group'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.

PNC Financial Services Group's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where PNC Financial Services Group's Cash-to-Debt falls into.

PNC Financial Services Group 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.

PNC Financial Services Group'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)
	=	50725	/	(0	+	72737)
	=	0.70

PNC Financial Services Group's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	39281	/	(0	+	71391)
	=	0.55

PNC Financial Services Group (NYSE:PNC) 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.

PNC Financial Services Group Cash-to-Debt Related Terms

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

PNC Financial Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PNC Financial Services Group Inc (NYSE:PNC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PNC:Mexico 0KEF:UK PNP:Germany PNCS34:Brazil

Address

300 Fifth Avenue, The Tower at PNC Plaza, Pittsburgh, PA, USA, 15222-2401

Website

https://www.pnc.com

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

Executives

William S Demchak	officer: Vice Chairman and CFO	THE TOWER AT PNC PLAZA, 300 FIFTH AVENUE, PITTSBURGH PA 15222-2707
Michael P. Lyons	officer: Executive Vice President	249 FIFTH AVENUE, 1PNC, PITTSBURGH PA 15222
Richard Kevin Bynum	officer: Executive Vice President	7567 GLEN POINTE CT., SPRINGFIELD VA 22153
Michael J Hannon	officer: Chief Credit Policy Officer	249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222
Guild Deborah	officer: Executive Vice President	847 PERSIMMON ROAD, SEWICKLEY PA 15143
Bryan Scott Salesky	director	2545 RAILROAD ST, SUITE 400, PITTSBURGH PA 15222
Joseph Alvarado	director	705 N. BAR Y ROAD, P.O. BOX 11368, JACKSON WY 83002
Kieran John Fallon	officer: Executive Vice President	17160 SPRING CREEK LANE, LEESBURG VA 20176
Overstrom Alexander E. C.	officer: Executive Vice President	643 PITCAIRN PLACE, PITTSBURGH PA 15232
Renu Khator	director	11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046
Robert A Niblock	director	1605 CURTIS BRIDGE ROAD, WILKESBORO NC 28697
Martin Pfinsgraff	director	354 KINGSBERRY DRIVE, ANNAPOLIS MD 21409
Karen L. Larrimer	officer: Executive Vice President	ONE PNC PLAZA, 249 FIFTH AVENUE, PITTSBURGH PA 15222-2707
Ganesh Manapra Krishnan	officer: Executive Vice President	6416 INTERLAKEN DR, MCDONALD PA 15057
David L Cohen	director