Italy Innovazioni SpA (XPAR:MLITN) Cash-to-Debt : 0.18 (As of Jun. 2023)

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What is Italy Innovazioni 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. Italy Innovazioni SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.18.

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

XPAR:MLITN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.8 Max: No Debt
Current: 0.18

During the past 8 years, Italy Innovazioni SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.80.

XPAR:MLITN's Cash-to-Debt is ranked worse than
85.81% of 2995 companies
in the Industrial Products industry
Industry Median: 1.23 vs XPAR:MLITN: 0.18

Italy Innovazioni SpA Cash-to-Debt Historical Data

The historical data trend for Italy Innovazioni 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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Italy Innovazioni SpA Cash-to-Debt Chart

Italy Innovazioni SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

N/A

0.95

No Debt

2.60

0.50

Italy Innovazioni SpA Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial								0.80	2.60	0.71	0.50	0.18

Competitive Comparison of Italy Innovazioni SpA's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Italy Innovazioni 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.

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

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

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

Italy Innovazioni 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.

Italy Innovazioni 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)
	=	0.446	/	(0.005	+	0.892)
	=	0.50

Italy Innovazioni 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)
	=	0.148	/	(0.005	+	0.804)
	=	0.18

Italy Innovazioni SpA (XPAR:MLITN) 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.

Italy Innovazioni SpA Cash-to-Debt Related Terms

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

Italy Innovazioni SpA (XPAR:MLITN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Italy Innovazioni SpA (XPAR:MLITN) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Via Sistina, 121, Rome, ITA, 00187

Website

https://www.italyinnovazioni.com

Italy Innovazioni SpA is a manufacturer of eletcrical products. The company's products includes Hide, recessed electrical outlet, SlideBox, the adjustable electrical box, and SuperDual, the multistandard socket.

Italy Innovazioni SpA (XPAR:MLITN) Headlines

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