Saipem SpA (Saipem SpA) Cash-to-Debt

: 0.67 (As of Jun. 2023)

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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. Saipem SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.67.

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

SAPMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.49 Max: 0.7
Current: 0.67

During the past 13 years, Saipem SpA's highest Cash to Debt Ratio was 0.70. The lowest was 0.17. And the median was 0.49.

SAPMY's Cash-to-Debt is ranked better than
55.13% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.51 vs SAPMY: 0.67

Saipem SpA Cash-to-Debt Historical Data

The historical data trend for Saipem 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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Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.57

0.64

0.51

0.40

0.70

Saipem SpA Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.49	0.39	0.70	0.67	N/A

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Saipem 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.

Saipem SpA Cash-to-Debt Distribution

For the Oil & Gas industry and Energy sector, Saipem SpA's Cash-to-Debt distribution charts can be found below:

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

Saipem 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.

Saipem 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)
	=	2253.178	/	(1101.695	+	2111.229)
	=	0.70

Saipem 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)
	=	2426.869	/	(1031.419	+	2606.717)
	=	0.67

Saipem SpA (OTCPK:SAPMY) 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.

Saipem SpA Cash-to-Debt Related Terms

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

Saipem SpA (Saipem SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (OTCPK:SAPMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Saipem SpA (Saipem SpA) Headlines

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