AA Tech SpA (MIL:AAT) Cash-to-Debt : 0.13 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is AA Tech SpA 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. AA Tech SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, AA Tech SpA 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 AA Tech SpA's Cash-to-Debt or its related term are showing as below:

MIL:AAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.14 Max: 0.19
Current: 0.13

During the past 3 years, AA Tech SpA's highest Cash to Debt Ratio was 0.19. The lowest was 0.13. And the median was 0.14.

MIL:AAT's Cash-to-Debt is ranked worse than
89.36% of 2725 companies
in the Software industry
Industry Median: 2.49 vs MIL:AAT: 0.13

AA Tech SpA Cash-to-Debt Historical Data

The historical data trend for AA Tech SpA'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.

* Premium members only.

AA Tech SpA Cash-to-Debt Chart

AA Tech SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.19

0.14

0.13

AA Tech SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.19	0.14	0.13

Competitive Comparison of AA Tech SpA's Cash-to-Debt

For the Software - Infrastructure subindustry, AA Tech SpA'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.

AA Tech SpA's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, AA Tech SpA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where AA Tech SpA's Cash-to-Debt falls into.

AA Tech SpA Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

AA Tech SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.447	/	(0.82	+	2.761)
	=	0.12

AA Tech SpA's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.447	/	(0.82	+	2.761)
	=	0.12

AA Tech SpA (MIL:AAT) 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.

AA Tech SpA Cash-to-Debt Related Terms

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

AA Tech SpA (MIL:AAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AA Tech SpA (MIL:AAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Giovanni Lanza 57, Fondi, ITA, 04022

Website

https://www.aatech.it

AA Tech SpA is an innovative venture tech builder in the digital sector, with the constant aim of identifying new technologies in the aforementioned sectors in Italy. In particular, the Company, through a process of continuous innovation, intends to seek innovative solutions that create new opportunities for generating value, with the intention, after their creation and validation, of making these companies autonomous. One of its subsidiaries Previon a Fintech company that provides open banking services for compulsory and complementary pension funds.