SBE-Varvit SpA (MIL:VARV) Cash-to-Debt : 0.95 (As of Jun. 2023)

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What is SBE-Varvit 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. SBE-Varvit SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.95.

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

MIL:VARV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 0.98 Max: 1.5
Current: 0.95

During the past 2 years, SBE-Varvit SpA's highest Cash to Debt Ratio was 1.50. The lowest was 0.95. And the median was 0.98.

MIL:VARV's Cash-to-Debt is ranked worse than
54.31% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs MIL:VARV: 0.95

SBE-Varvit SpA Cash-to-Debt Historical Data

The historical data trend for SBE-Varvit 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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SBE-Varvit SpA Cash-to-Debt Chart

SBE-Varvit SpA Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

1.50

0.98

SBE-Varvit SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	1.50	N/A	0.98	0.95

Competitive Comparison of SBE-Varvit SpA's Cash-to-Debt

For the Tools & Accessories subindustry, SBE-Varvit 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.

SBE-Varvit SpA's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SBE-Varvit SpA's Cash-to-Debt distribution charts can be found below:

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

SBE-Varvit 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.

SBE-Varvit 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)
	=	64.669	/	(16.059	+	49.917)
	=	0.98

SBE-Varvit 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)
	=	57.496	/	(19.722	+	40.725)
	=	0.95

SBE-Varvit SpA (MIL:VARV) 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.

SBE-Varvit SpA Cash-to-Debt Related Terms

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SBE-Varvit SpA (MIL:VARV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SBE-Varvit SpA (MIL:VARV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

O4W:Germany

Address

Via Lazzaretti 2/A, Reggio Emilia, ITA, 42122

Website

https://www.sbe.it

SBE-Varvit SpA is a company involved in the production of fasteners, mechanical fastening joints of fundamental importance for many industrial sectors. It is able to serve a large number of sectors by offering over twenty seven thousand references including screws, nuts and cold-pressed products, of which forteen thousand are manufactured internally, at its fully verticalized production facilities.

SBE-Varvit SpA (MIL:VARV) Headlines

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