Rocket Sharing Co SpA (MIL:RKT) Cash-to-Debt : 1.02 (As of Jun. 2023)

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What is Rocket Sharing Co 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. Rocket Sharing Co SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.02.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Rocket Sharing Co SpA could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MIL:RKT' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.02 Med: 100 Max: No Debt
Current: 1.02

During the past 3 years, Rocket Sharing Co SpA's highest Cash to Debt Ratio was No Debt. The lowest was 1.02. And the median was 100.00.

MIL:RKT's Cash-to-Debt is ranked worse than
64.03% of 2797 companies
in the Software industry
Industry Median: 2.43 vs MIL:RKT: 1.02

Rocket Sharing Co SpA Cash-to-Debt Historical Data

The historical data trend for Rocket Sharing Co 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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Rocket Sharing Co SpA Cash-to-Debt Chart

Rocket Sharing Co SpA Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

100.00

239.50

1.30

Rocket Sharing Co SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	239.50	No Debt	1.30	1.02

Competitive Comparison of Rocket Sharing Co SpA's Cash-to-Debt

For the Software - Application subindustry, Rocket Sharing Co 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.

Rocket Sharing Co SpA's Cash-to-Debt Distribution in the Software Industry

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

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

Rocket Sharing Co 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.

Rocket Sharing Co 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)
	=	1.957	/	(0.008	+	1.5)
	=	1.30

Rocket Sharing Co 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)
	=	1.609	/	(0.102	+	1.477)
	=	1.02

Rocket Sharing Co SpA (MIL:RKT) 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.

Rocket Sharing Co SpA Cash-to-Debt Related Terms

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Rocket Sharing Co SpA (MIL:RKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rocket Sharing Co SpA (MIL:RKT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Galleria San Babila 4/a, Milan, ITA

Website

https://www.rocketsharing.it

Rocket Sharing Co SpA has developed a technology-based marketplace blockchain. Through its platform, consumers are encouraged to purchase products and services which provides a cashback incentive mechanism, that allows users to accumulate vouchers to be used as a discount on subsequent purchases.