Provident Financial Services (Provident Financial Services) Cash-to-Debt

: 0.12 (As of Dec. 2023)

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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. Provident Financial Services's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Provident Financial Services 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 Provident Financial Services's Cash-to-Debt or its related term are showing as below:

PFS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 1.37
Current: 0.12

During the past 13 years, Provident Financial Services's highest Cash to Debt Ratio was 1.37. The lowest was 0.07. And the median was 0.12.

PFS's Cash-to-Debt is ranked worse than
92.19% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs PFS: 0.12

Provident Financial Services Cash-to-Debt Historical Data

The historical data trend for Provident Financial Services'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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Provident Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.18

0.48

1.37

0.15

0.12

Provident Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.15	0.16	0.12	0.10	0.12

Competitive Comparison

For the Banks - Regional subindustry, Provident Financial Services'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.

Provident Financial Services Cash-to-Debt Distribution

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

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

Provident Financial Services 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.

Provident Financial Services'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)
	=	180.255	/	(0	+	1458.567)
	=	0.12

Provident Financial Services'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)
	=	180.255	/	(0	+	1458.567)
	=	0.12

Provident Financial Services (NYSE:PFS) 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.

Provident Financial Services Cash-to-Debt Related Terms

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

Provident Financial Services (Provident Financial Services) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PQ3:Germany

Address

239 Washington Street, Jersey, NJ, USA, 07302

Website

https://www.provident.bank

Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.

Executives

James P Dunigan	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Vito Giannola	officer: EVP & Chief Retail Banking Ofc	C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Walter Sierotko	officer: EVP/CLO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Frank L Fekete	director
Bennett Macdougall	officer: EVP, General Counsel, Sec	239 WASHINGTON STREET, JERSEY CITY NJ 07302
George Lista	officer: President/CEO SB One Insurance	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Anthony J Labozzetta	director, officer: President and COO	SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Adriano M. Duarte	officer: EVP & CAO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Matthew K. Harding	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Robert Mcnerney	director	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
James A. Christy	officer: SVP, CRO of Provident Bank, other: General Auditor	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Ravi Vakacherla	officer: Chief Digital & Innovation Off	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Valerie O Murray	officer: SVP & Chief Wealth Mgmt Ofc	239 WASHINGTON STREET, JERSEY CITY NJ 07302
John Pugliese	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Nadine Duchemin-leslie	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302