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Fifth Third Bancorp (Fifth Third Bancorp) Cash-to-Debt : 0.17 (As of Dec. 2023)


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What is Fifth Third Bancorp 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. Fifth Third Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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, Fifth Third Bancorp 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 Fifth Third Bancorp's Cash-to-Debt or its related term are showing as below:

FITB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14   Med: 0.19   Max: 0.25
Current: 0.15

During the past 13 years, Fifth Third Bancorp's highest Cash to Debt Ratio was 0.25. The lowest was 0.14. And the median was 0.19.

FITB's Cash-to-Debt is ranked worse than
90.54% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs FITB: 0.15

Fifth Third Bancorp Cash-to-Debt Historical Data

The historical data trend for Fifth Third Bancorp'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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Fifth Third Bancorp Cash-to-Debt Chart

Fifth Third Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.21 0.25 0.19 0.17

Fifth Third Bancorp 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.15 0.14 0.17 0.15

Competitive Comparison of Fifth Third Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, Fifth Third Bancorp'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.


Fifth Third Bancorp's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where Fifth Third Bancorp's Cash-to-Debt falls into.



Fifth Third Bancorp 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.

Fifth Third Bancorp's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Fifth Third Bancorp's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Fifth Third Bancorp  (NAS:FITB) 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.


Fifth Third Bancorp Cash-to-Debt Related Terms

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


Fifth Third Bancorp (Fifth Third Bancorp) Business Description

Address
38 Fountain Square Plaza, Cincinnati, OH, USA, 45263
Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.
Executives
C. Bryan Daniels director MB FINANCIAL INC/MD, 6111 NORTH RIVER ROAD, ROSEMONT IL 60018
Laurent Desmangles director 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kathleen A Rogers director US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Evan Bayh director 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Gary R Heminger director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Howard Hammond officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kevin P Lavender officer: EVP C/O AMSURG CORPORATION, 20 BURTON HILLS BLVD., 5TH FLOOR, NASHVILLE TN 37215
Robert P Shaffer officer: EVP and CHRO 38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Timothy Spence officer: EVP & CSO 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
James C. Leonard officer: SVP & Treasurer 38 FOUNTAIN SQUARE PLAZA, MD10AT76, CINCINNATI OH 45263
Mitchell Feiger director C/O MB FINANCIAL INC, 1200 NORTH ASHLAND AVE, CHICAGO IL 60622
Jude Schramm officer: EVP and CIO 38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Greg D Carmichael officer: Executive Vice President
Kala Gibson officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kristine R. Garrett officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263