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Principal Financial Group has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate Principal Financial Group's interest coverage with the available data. Principal Financial Group's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.25. Altman Z-Score does not apply to banks and insurance companies.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Principal Financial Group's Interest Expense for the months ended in Mar. 2024 was $0 Mil. Its Operating Income for the months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,932 Mil.
Principal Financial Group's Interest Coverage for the quarter that ended in Mar. 2024 is
GuruFocus does not calculate Principal Financial Group's interest coverage with the available data. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Principal Financial Group's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (50.7 | + | 3931.5) | / | 16213.2 | |
= | 0.25 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
Principal Financial Group (NAS:PFG) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Principal Financial Group has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of Principal Financial Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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