Premier Financial (Premier Financial) Cash-to-Debt : 0.31 (As of Dec. 2023)

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Premier Financial Cash-to-Debt Definition

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. Premier Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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

PFC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.43 Max: 1.9
Current: 0.31

During the past 13 years, Premier Financial's highest Cash to Debt Ratio was 1.90. The lowest was 0.25. And the median was 0.43.

PFC's Cash-to-Debt is ranked worse than
80.97% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs PFC: 0.31

Premier Financial Cash-to-Debt Historical Data

The historical data trend for Premier 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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Premier Financial Cash-to-Debt Chart

Premier Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

1.88

1.90

0.25

0.31

Premier Financial 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	Get a 7-Day Free Trial															0.25	0.21	0.23	0.28	0.31

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

For the Banks - Regional subindustry, Premier 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.

Premier Financial Cash-to-Debt Distribution

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

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

Premier 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.

Premier 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)
	=	114.756	/	(0	+	365.229)
	=	0.31

Premier Financial'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)
	=	114.756	/	(0	+	365.229)
	=	0.31

Premier Financial (NAS:PFC) 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.

Premier Financial Cash-to-Debt Related Terms

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Premier Financial (Premier Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Premier Financial Corp (NAS:PFC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Clinton Street, Defiance, OH, USA, 43512

Website

https://www.premierfincorp.com

Premier Financial Corp is a financial holding company that operates as a community banking and financial services corporation. It offers a broad range of financial services through its subsidiaries including checking accounts, savings accounts, certificates of deposit, real estate mortgage loans, commercial loans, consumer loans, home equity loans, and trust and wealth management services.

Executives

Rose Dennis E Jr	officer: EVP, First Federal Bank	601 CLINTON STREET, DEFIANCE OH 43512
Donald P. Hileman	officer: Executive Vice President, CFO	601 CLINTON STREET, DEFIANCE OH 43512
Rick L. Hull	officer: EVP Head of Commercial Banking	44 AUBURN AVENUE SE, NORTH CANTON OH 44720
John Michael Houpt	officer: EVP, Chief Credit Officer	601 CLINTON STREET, DEFIANCE OH 43512
Louis Michael Altman	director	1111 EASTWOOD STREET NE, CANTON OH 44714
Craig Sciara	officer: EVP, Chief Credit Officer	601 CLINTON STREET, DEFIANCE OH 43512
Terri A Bettinger	director	601 CLINTON STREET, DEFIANCE OH 43512
Richard J Schiraldi	director	275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503
Jason Gendics	officer: See Remarks	275 WEST FEDERAL STREET, YOUNGSTOWN OH 44503-1203
Nikki Robinson Lanier	director	601 CLINTON STREET, DEFIANCE OH 43512
Samuel S Strausbaugh	director	601 CLINTON ST., DEFIANCE OH 43512
Varun Chandhok	officer: EVP, Chief Information Officer	601 CLINTON STREET, DEFIANCE OH 43512
Tina Nutter	officer: EVP, Chief Risk Officer	601 CLINTON STREET, DEFIANCE OH 43512
Shannon M Kuhl	officer: EVP, Chief Legal Officer	255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202
Jude J. Nohra	officer: See Remarks	275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503