Truist Financial (STU:BBK) Cash-to-Debt : 0.78 (As of Sep. 2024)

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What is Truist Financial 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. Truist Financial's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.78.

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, Truist Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

STU:BBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.25 Max: 0.89
Current: 0.78

During the past 13 years, Truist Financial's highest Cash to Debt Ratio was 0.89. The lowest was 0.07. And the median was 0.25.

STU:BBK's Cash-to-Debt is ranked worse than
64.11% of 1499 companies
in the Banks industry
Industry Median: 1.29 vs STU:BBK: 0.78

Truist Financial Cash-to-Debt Historical Data

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

Truist Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.34

0.43

0.53

0.34

0.51

Truist Financial 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															0.48	0.51	0.54	0.73	0.78

Competitive Comparison of Truist Financial's Cash-to-Debt

For the Banks - Regional subindustry, Truist Financial'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.

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

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

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

Truist Financial 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.

Truist Financial'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)
	=	28100.548	/	(19051.592	+	35687.806)
	=	0.51

Truist Financial's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	35715.64	/	(12937.459	+	33129.77)
	=	0.78

Truist Financial (STU:BBK) 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.

Truist Financial Cash-to-Debt Related Terms

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

Truist Financial Business Description

Industry

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Address

214 North Tryon Street, Charlotte, NC, USA, 28202

Website

https://www.truist.com

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments.