Digital360 SpA (MIL:DIG) Cash-to-Debt : 0.37 (As of Jun. 2023)

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What is Digital360 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. Digital360 SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.37.

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, Digital360 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 Digital360 SpA's Cash-to-Debt or its related term are showing as below:

MIL:DIG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.5 Max: 2.28
Current: 0.37

During the past 7 years, Digital360 SpA's highest Cash to Debt Ratio was 2.28. The lowest was 0.07. And the median was 0.50.

MIL:DIG's Cash-to-Debt is not ranked
in the Media - Diversified industry.
Industry Median: 1.225 vs MIL:DIG: 0.37

Digital360 SpA Cash-to-Debt Historical Data

The historical data trend for Digital360 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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Digital360 SpA Cash-to-Debt Chart

Digital360 SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.31

0.25

0.80

1.02

0.48

Digital360 SpA Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial									0.80	0.85	1.02	1.03	0.37

Competitive Comparison of Digital360 SpA's Cash-to-Debt

For the Advertising Agencies subindustry, Digital360 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.

Digital360 SpA's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Digital360 SpA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Digital360 SpA's Cash-to-Debt falls into.

Digital360 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.

Digital360 SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	13.632	/	(26.885	+	1.544)
	=	0.48

Digital360 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)
	=	13.736	/	(35.764	+	1.364)
	=	0.37

Digital360 SpA (MIL:DIG) 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.

Digital360 SpA Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Digital360 SpA's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Digital360 SpA (MIL:DIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digital360 SpA (MIL:DIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Copernico 38, Milan, ITA, 20125

Website

http://www.digital360.it

Digital360 SpA is a multi-channel platform providing editorial content, Communications and Marketing Services, lead generation, Events and Webinars and Advisory, advocacy and coaching services to companies, public authorities and technology suppliers.

Digital360 SpA (MIL:DIG) Headlines

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