Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Cash-to-Debt : 1.06 (As of Oct. 2023)

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What is Fermiere du Casino Municipal de Cannes 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. Fermiere du Casino Municipal de Cannes's cash to debt ratio for the quarter that ended in Oct. 2023 was 1.06.

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, Fermiere du Casino Municipal de Cannes could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

The historical rank and industry rank for Fermiere du Casino Municipal de Cannes's Cash-to-Debt or its related term are showing as below:

XPAR:FCMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 2.42 Max: 42.72
Current: 1.06

During the past 13 years, Fermiere du Casino Municipal de Cannes's highest Cash to Debt Ratio was 42.72. The lowest was 0.21. And the median was 2.42.

XPAR:FCMC's Cash-to-Debt is ranked better than
60.15% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs XPAR:FCMC: 1.06

Fermiere du Casino Municipal de Cannes Cash-to-Debt Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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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Fermiere du Casino Municipal de Cannes Cash-to-Debt Chart

Fermiere du Casino Municipal de Cannes Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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33.74

0.21

0.75

1.24

1.06

Fermiere du Casino Municipal de Cannes Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.75	0.81	1.24	1.22	1.06

Competitive Comparison of Fermiere du Casino Municipal de Cannes's Cash-to-Debt

For the Resorts & Casinos subindustry, Fermiere du Casino Municipal de Cannes'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.

Fermiere du Casino Municipal de Cannes's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fermiere du Casino Municipal de Cannes's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fermiere du Casino Municipal de Cannes's Cash-to-Debt falls into.

Fermiere du Casino Municipal de Cannes 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.

Fermiere du Casino Municipal de Cannes's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	76.578	/	(12.989	+	59.185)
	=	1.06

Fermiere du Casino Municipal de Cannes's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	76.578	/	(12.989	+	59.185)
	=	1.06

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) 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.

Fermiere du Casino Municipal de Cannes Cash-to-Debt Related Terms

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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400

Website

http://www.lucienbarriere.com

Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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