Pinnacle Financial Partners (Pinnacle Financial Partners) Cash-to-Debt : 0.84 (As of Dec. 2023)

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What is Pinnacle Financial Partners 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. Pinnacle Financial Partners's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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, Pinnacle Financial Partners couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PNFP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.65 Max: 3.06
Current: 0.84

During the past 13 years, Pinnacle Financial Partners's highest Cash to Debt Ratio was 3.06. The lowest was 0.13. And the median was 0.65.

PNFP's Cash-to-Debt is ranked worse than
60.35% of 1440 companies
in the Banks industry
Industry Median: 1.245 vs PNFP: 0.84

Pinnacle Financial Partners Cash-to-Debt Historical Data

The historical data trend for Pinnacle Financial Partners'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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Pinnacle Financial Partners Cash-to-Debt Chart

Pinnacle Financial Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.13

2.12

3.06

1.29

0.84

Pinnacle Financial Partners Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.08	1.45	1.24	0.84	1.04

Competitive Comparison of Pinnacle Financial Partners's Cash-to-Debt

For the Banks - Regional subindustry, Pinnacle Financial Partners'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.

Pinnacle Financial Partners's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Pinnacle Financial Partners's Cash-to-Debt falls into.

Pinnacle Financial Partners 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.

Pinnacle Financial Partners'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)
	=	2143.476	/	(0	+	2563.107)
	=	0.84

Pinnacle Financial Partners'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)
	=	2143.476	/	(0	+	2563.107)
	=	0.84

Pinnacle Financial Partners (NAS:PNFP) 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.

Pinnacle Financial Partners Cash-to-Debt Related Terms

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

Pinnacle Financial Partners (Pinnacle Financial Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pinnacle Financial Partners Inc (NAS:PNFP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PNFPP.PFD:USA

Address

150 Third Avenue South, Suite 900, Nashville, TN, USA, 37201

Website

https://www.pnfp.com

Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. Its strategy relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.

Executives

Mccabe Robert A Jr	director	500 CHURCH ST, STE 200, NASHVILLE TN 37219
Harold R Carpenter	officer: CFO
Charles E Brock	director	PO BOX 2007, DALTON GA 30722
Hugh M Queener	other: Former CAO
Gregory L Burns	director	203 LYNWOOD BLVD, C/O BASS BERRY & SIMS, NASHVILLE TN 37205
Joseph C Galante	director	111 TENTH AVENUE, SUITE 200, NASHVILLE TN 37203
M Terry Turner	officer: President & CEO
Smith Reese L Iii	director
Gary L Scott	director	C/O MID-AMERICA BANCSHARES, INC, 7651 HIGHWAY 70 SOUTH, NASHVILLE TN 37221
Decosta Jenkins	director	150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Callicutt Richard D Ii	director, officer: Chairman-Carolinas & Virginia	3980 PREMIER DRIVE, SUITE 210, HIGH POINT NC 27265
Ronald L Samuel	director, officer: Vice Chairman	111 TENTH AVENUE SOUTH, SUITE 200, NASHVILLE TN 37203
David B Ingram	director	TWO INGRAM BLVD, LA VERGNE TN 37089
Farnsworth Thomas C Iii	director	101 WEST CHICKASAW PKWY., MEMPHIS TN 38111
G Kennedy Thompson	director	3000 HANOVER STREET, PALO ALTO CA 94304