Principal Financial Group (Principal Financial Group) Short-Term Debt & Capital Lease Obligation

: $61 Mil (As of Dec. 2023)

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Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Principal Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $61 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Principal Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,931 Mil.

Principal Financial Group Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Principal Financial Group's Short-Term Debt & Capital Lease Obligation 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.

* Premium members only.

Principal Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

93.40

84.70

79.80

380.60

61.10

Principal Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation																380.60	24.20	26.30	23.80	61.10

Principal Financial Group Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Principal Financial Group Short-Term Debt & Capital Lease Obligation Related Terms

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Principal Financial Group (Principal Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Principal Financial Group Inc (NAS:PFG) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PG4:Germany

Address

711 High Street, Des Moines, IA, USA, 50392

Website

https://www.principal.com

Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through our diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.

Executives

Luis E. Valdes	officer: Executive Chairman, Latam	711 HIGH STREET, DES MOINES IA 50392-0300
Sandra L Helton	director	711 HIGH STREET, DES MOINES IA 50392-0300
Wee Yee Cheong	officer: EVP, Principal Asia	711 HIGH STREET, DES MOINES IA 50392
Roberto Walker	officer: EVP, Principal Latin American	711 HIGH ST., DES MOINES IA 50392
Renee V. Schaaf	officer: President - RIS	711 HIGH STREET, DES MOINES IA 50392
Natalie Lamarque	officer: EVP, General Counsel, and Secr	711 HIGH STREET, DES MOINES IA 50392
H Elizabeth Mitchell	director	PLATINUM UNDERWRITERS REINSURANCE, INC., 2 WORLD FINANCIAL CENTER, SUITE 2300, NEW YORK NY 10281
Jonathan Auerbach	director	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Claudio Muruzabal	director	711 HIGH STREET, DES MOINES IA 50392
Maliz E Beams	director	C/O PORT FINANCIAL CORP, 1380 SOLDIERS FIELD RD, BRIGHTON MA 02135
Alfredo Rivera	director	THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Scott Mills	director	1515 BROADWAY, NEW YORK NY 10036
Clare Stack Richer	director	BAIN CAPITAL, LP, 200 CLARENDON STREET, BOSTON MA 02116
Diane C Nordin	director	711 HIGH ST., DES MOINES IA 50392
Roger C Hochschild	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015