VNE SpA (MIL:VNE) Cash-to-Debt : 0.48 (As of Dec. 2022)

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What is VNE 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. VNE SpA's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.48.

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, VNE SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

MIL:VNE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.48 Max: 0.48
Current: 0.48

During the past 2 years, VNE SpA's highest Cash to Debt Ratio was 0.48. The lowest was 0.48. And the median was 0.48.

MIL:VNE's Cash-to-Debt is ranked worse than
68.66% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs MIL:VNE: 0.48

VNE SpA Cash-to-Debt Historical Data

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

VNE SpA Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.48

VNE SpA Semi-Annual Data
	Dec21	Dec22
Cash-to-Debt	0.48	0.48

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

For the Specialty Industrial Machinery subindustry, VNE 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.

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

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

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

VNE 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.

VNE 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)
	=	4.968	/	(3.334	+	6.933)
	=	0.48

VNE SpA's Cash to Debt Ratio for the quarter 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)
	=	4.968	/	(3.334	+	6.933)
	=	0.48

VNE SpA (MIL:VNE) 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.

VNE SpA Cash-to-Debt Related Terms

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VNE SpA (MIL:VNE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047

Website

https://www.vne.it

VNE SpA produces hardware and software for the management of banknotes, coins and more generally payments and transactions through cash and cashless systems, offering a wide range of customized products and boasting a production of over 7,000 machines a year. It creates, samples and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket and wherever there is a need to manage payments or automated transactions.