Piper Sandler Companies (PIPR)

Solvency & Capital Structure

Total Debt

$112.2M

Net Debt

-$232.2M

Piper Sandler Companies currently has $112.2M in total debt. Net debt is -$232.2M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

PIPR • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.11	0.34	-0.23Net Cash	2.13	5.3%
2025-12-31	0.12	0.81	-0.69Net Cash	2.59	4.5%
2025-09-30	0.11	0.11	0.00	2.22	5.2%
2025-06-30	0.12	0.12	-0.01Net Cash	1.96	5.9%
2025-03-31	0.12	0.13	-0.01Net Cash	1.82	6.4%
2024-12-31	0.10	0.48	-0.38Net Cash	2.26	4.4%
2024-09-30	0.18	0.35	-0.17Net Cash	2.03	8.8%
2024-06-30	0.16	0.32	-0.16Net Cash	1.92	8.5%
2024-03-31	0.14	0.07	0.07	1.82	7.6%
2023-12-31	0.16	0.38	-0.22Net Cash	2.14	7.7%
2023-09-30	0.22	0.05	0.17	1.97	11.2%
2023-06-30	0.23	0.07	0.16	1.94	11.6%
2023-03-31	0.23	0.05	0.19	1.80	12.8%
2022-12-31	0.23	0.37	-0.13Net Cash	2.18	10.8%
2022-09-30	0.24	0.27	-0.04Net Cash	2.04	11.5%
2022-06-30	0.24	0.24	0.00	1.95	12.4%
2022-03-31	0.23	0.25	-0.01Net Cash	1.88	12.4%
2021-12-31	0.21	0.97	-0.76Net Cash	2.57	8.4%
2021-09-30	0.27	0.57	-0.31Net Cash	2.19	12.1%
2021-06-30	0.27	0.40	-0.13Net Cash	2.11	12.5%
2021-03-31	0.27	0.15	0.12	1.76	15.3%
2020-12-31	0.29	0.51	-0.21Net Cash	2.00	14.7%
2020-09-30	0.37	0.37	0.00	1.82	20.4%
2020-06-30	0.40	0.24	0.17	1.71	23.6%
2020-03-31	0.37	0.13	0.24	1.52	24.1%
2019-12-31	0.28	0.25	0.03	1.63	17.3%
2019-09-30	0.11	0.02	0.09	1.34	8.1%
2019-06-30	0.11	0.02	0.08	1.21	8.8%
2019-03-31	0.11	0.02	0.09	1.17	9.1%
2018-12-31	0.05	0.05	-0.00Net Cash	1.35	3.7%
2018-09-30	0.17	0.07	0.11	1.49	11.7%
2018-06-30	0.18	0.03	0.15	1.51	11.7%
2018-03-31	0.31	0.03	0.28	1.58	19.7%
2017-12-31	0.41	0.03	0.38	2.02	20.5%
2017-09-30	0.20	0.04	0.16	1.74	11.6%
2017-06-30	0.46	0.03	0.43	1.93	23.6%
2017-03-31	0.47	0.02	0.45	2.11	22.3%
2016-12-31	0.59	0.04	0.55	2.13	27.9%
2016-09-30	0.60	0.05	0.55	2.21	27.2%
2016-06-30	0.68	0.17	0.50	2.12	31.9%
2016-03-31	0.63	0.05	0.58	2.18	29.1%
2015-12-31	0.62	0.19	0.43	2.14	29.0%
2015-09-30	0.54	0.04	0.50	2.30	23.5%
2015-06-30	0.63	0.01	0.61	2.41	25.9%
2015-03-31	0.64	0.01	0.63	2.92	22.0%
2014-12-31	0.50	0.02	0.49	2.62	19.2%
2014-09-30	0.46	0.01	0.45	2.60	17.8%
2014-06-30	0.49	0.06	0.43	2.43	20.1%
2014-03-31	0.56	0.03	0.53	2.32	24.2%
2013-12-31	0.64	0.12	0.52	2.32	27.6%
2013-09-30	0.79	0.01	0.77	2.49	31.6%
2013-06-30	0.67	0.07	0.60	2.28	29.3%
2013-03-31	0.53	0.02	0.51	2.33	22.9%
2012-12-31	0.60	0.11	0.50	2.09	28.8%
2012-09-30	0.53	0.04	0.49	1.96	27.0%
2012-06-30	0.52	0.04	0.48	2.00	25.9%
2012-03-31	0.45	0.05	0.39	1.89	23.8%
2011-12-31	0.28	0.09	0.20	1.66	17.0%
2011-09-30	0.31	0.04	0.27	2.14	14.7%
2011-06-30	0.34	0.07	0.27	2.22	15.5%
2011-03-31	0.25	0.04	0.20	1.96	12.6%
2010-12-31	0.32	0.05	0.27	2.03	15.7%
2010-09-30	0.23	0.04	0.19	2.06	11.0%
2010-06-30	0.18	0.05	0.13	2.00	8.8%
2010-03-31	0.21	0.07	0.15	2.19	9.8%
2009-12-31	0.21	0.06	0.15	1.70	12.3%
2009-09-30	0.01	0.07	-0.06Net Cash	1.48	0.9%
2009-06-30	0.06	0.08	-0.01Net Cash	1.36	4.6%
2009-03-31	0.06	0.09	-0.03Net Cash	1.23	4.8%
2008-12-31	0.01	0.08	-0.07Net Cash	1.32	0.7%
2008-09-30	0.01	0.08	-0.07Net Cash	1.64	0.8%
2008-06-30	0.16	0.07	0.09	1.62	9.9%
2008-03-31	0.11	0.07	0.05	1.68	6.7%
2007-12-31	0.25	0.20	0.05	1.72	14.3%
2007-09-30	0.16	0.07	0.09	1.66	9.4%
2007-06-30	0.03	0.05	-0.02Net Cash	1.58	2.1%
2007-03-31	0.31	0.08	0.23	1.82	17.0%
2006-12-31	0.09	0.07	0.02	1.85	4.9%
2006-09-30	0.05	0.14	-0.09Net Cash	2.08	2.4%
2006-06-30	0.18	0.20	-0.02Net Cash	2.33	7.7%
2006-03-31	0.28	0.10	0.19	2.34	12.1%
2005-12-31	0.18	0.13	0.05	2.35	7.6%
2005-09-30	0.35	0.11	0.24	2.50	14.0%
2005-06-30	0.23	0.11	0.12	2.58	8.8%
2005-03-31	0.33	0.10	0.22	2.41	13.5%
2004-12-31	0.18	0.14	0.04	2.83	6.4%
2004-09-30	0.18	0.09	0.09	2.64	6.8%
2004-06-30	0.34	0.08	0.26	2.79	12.2%
2004-03-31	0.29	0.15	0.13	2.69	10.6%
2003-12-31	0.34	0.22	0.12	2.38	14.2%
2003-09-30	0.50	0.04	0.46	2.56	19.3%
2002-12-31	0.58	0.03	0.55	2.04	28.4%