Banca Mediolanum (Banca Mediolanum) Cash-to-Debt : 2.10 (As of Sep. 2023)

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What is Banca Mediolanum 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. Banca Mediolanum's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.10.

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, Banca Mediolanum could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BNCDY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 3.31 Max: 78.18
Current: 0.6

During the past 13 years, Banca Mediolanum's highest Cash to Debt Ratio was 78.18. The lowest was 0.08. And the median was 3.31.

BNCDY's Cash-to-Debt is ranked worse than
69.36% of 1436 companies
in the Banks industry
Industry Median: 1.275 vs BNCDY: 0.60

Banca Mediolanum Cash-to-Debt Historical Data

The historical data trend for Banca Mediolanum'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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Banca Mediolanum Cash-to-Debt Chart

Banca Mediolanum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.81

10.80

78.18

7.83

0.60

Banca Mediolanum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															7.83	2.60	1.75	2.10	0.60

Competitive Comparison of Banca Mediolanum's Cash-to-Debt

For the Banks - Regional subindustry, Banca Mediolanum'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.

Banca Mediolanum's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banca Mediolanum's Cash-to-Debt distribution charts can be found below:

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

Banca Mediolanum Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Banca Mediolanum's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2491.251	/	(0	+	318.266)
	=	7.83

Banca Mediolanum's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	850.512	/	(0	+	404.753)
	=	2.10

Banca Mediolanum (OTCPK:BNCDY) 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.

Banca Mediolanum Cash-to-Debt Related Terms

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Banca Mediolanum (Banca Mediolanum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Mediolanum (OTCPK:BNCDY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BNMDF:USA BMED:Italy 0RDO:UK ME1:Germany

Address

Palazzo Meucci, Via Francesco Sforza, 15, Basiglio, ITA, 20080

Website

http://www.mediolanum.it

Banca Mediolanum is an Italy-based company which provides banking and financial services. It operates with various segments namely Lending which includes Retail and Commercial Banking, Treasury activities which has trading and sales, Asset Management and Retail Brokerage. The company offers current accounts, mortgages and loan products; credit, debit, and rechargeable cards and investment products. Geographically, it operates the market of Italy, Spain, and Germany of which Italy accounts for a larger share of revenue.

Banca Mediolanum (Banca Mediolanum) Headlines

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