PNC Financial Services Group (PNC Financial Services Group) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is PNC Financial Services Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PNC Financial Services Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

PNC Financial Services Group's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.13). It may suggest that PNC Financial Services Group is progressively becoming more dependent on debt to grow their business.

PNC Financial Services Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for PNC Financial Services Group's LT-Debt-to-Total-Asset 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.

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PNC Financial Services Group LT-Debt-to-Total-Asset Chart

PNC Financial Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.08

0.06

0.11

0.13

PNC Financial Services Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.12	0.12	0.13	0.13

PNC Financial Services Group LT-Debt-to-Total-Asset Calculation

PNC Financial Services Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	72737	/	561580
	=	0.13

PNC Financial Services Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	72737	/	561580
	=	0.13

PNC Financial Services Group (NYSE:PNCpQ.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PNC Financial Services Group LT-Debt-to-Total-Asset Related Terms

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PNC Financial Services Group (PNC Financial Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PNC Financial Services Group Inc (NYSE:PNCpQ.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PNC:USA PNC:Mexico PNP:Germany PNP:Germany

Address

300 Fifth Avenue, The Tower at PNC Plaza, Pittsburgh, PA, USA, 15222-2401

Website

https://www.pnc.com

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.