Culti Milano SpA (MIL:CULT) Cash-to-Debt : 0.57 (As of Jun. 2023)

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What is Culti Milano 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. Culti Milano SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.57.

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, Culti Milano SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Culti Milano SpA's Cash-to-Debt or its related term are showing as below:

MIL:CULT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 3.21 Max: No Debt
Current: 0.57

During the past 6 years, Culti Milano SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was 3.21.

MIL:CULT's Cash-to-Debt is ranked better than
55.15% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs MIL:CULT: 0.57

Culti Milano SpA Cash-to-Debt Historical Data

The historical data trend for Culti Milano 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.

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Culti Milano SpA Cash-to-Debt Chart

Culti Milano SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.44

2.10

2.97

Culti Milano SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial								2.10	1.53	2.97	1.64	0.57

Competitive Comparison of Culti Milano SpA's Cash-to-Debt

For the Luxury Goods subindustry, Culti Milano 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.

Culti Milano SpA's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Culti Milano SpA's Cash-to-Debt distribution charts can be found below:

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

Culti Milano 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.

Culti Milano SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	7.427	/	(0	+	2.5)
	=	2.97

Culti Milano SpA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	5.854	/	(3.752	+	6.569)
	=	0.57

Culti Milano SpA (MIL:CULT) 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.

Culti Milano SpA Cash-to-Debt Related Terms

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

Culti Milano SpA (MIL:CULT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Culti Milano SpA (MIL:CULT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Santa Sofia 27, Milan, ITA, 20122

Website

http://www.culti.com

Culti Milano SpA develops fragrances, cosmetics and home accessories designed for every area of the house. It offers diffusers, refills, home sprays, candles, complements such as car sachets, home sachets, and leather pochettes.

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