Landi Renzo SpA (CHIX:LNDRM) Cash-to-Debt : 0.32 (As of Sep. 2023)

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What is Landi Renzo 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. Landi Renzo SpA's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.32.

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, Landi Renzo SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

CHIX:LNDRm' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.31 Max: 0.6
Current: 0.32

During the past 13 years, Landi Renzo SpA's highest Cash to Debt Ratio was 0.60. The lowest was 0.14. And the median was 0.31.

CHIX:LNDRm's Cash-to-Debt is ranked worse than
64.06% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.555 vs CHIX:LNDRm: 0.32

Landi Renzo SpA Cash-to-Debt Historical Data

The historical data trend for Landi Renzo 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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Landi Renzo SpA Cash-to-Debt Chart

Landi Renzo SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.38

0.29

0.23

0.22

0.50

Landi Renzo SpA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.46	0.50	0.40	0.20	0.32

Competitive Comparison of Landi Renzo SpA's Cash-to-Debt

For the Auto Parts subindustry, Landi Renzo 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.

Landi Renzo SpA's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Landi Renzo SpA's Cash-to-Debt distribution charts can be found below:

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

Landi Renzo 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.

Landi Renzo 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)
	=	63.38	/	(106.825	+	19.483)
	=	0.50

Landi Renzo SpA's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	41.451	/	(40.932	+	88.311)
	=	0.32

Landi Renzo SpA (CHIX:LNDRm) 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.

Landi Renzo SpA Cash-to-Debt Related Terms

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Landi Renzo SpA (CHIX:LNDRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landi Renzo SpA (CHIX:LNDRm) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LR:Italy ARQ:Germany

Address

Via Nobel 2/4, Corte Tegge, Cavriago, ITA, 42025

Website

https://www.landirenzogroup.com

Landi Renzo SpA is engaged in the automotive fuel supply systems sector. The company mainly designs, manufactures, and sells liquefied petroleum gas and compressed natural gas fuel supply systems for the automotive sector. In addition, it also manufactures compressors for fuel stations, and audio and alarm systems. The group sells its products to car manufacturers, independent retailers, and importers. It has two operating segments which include the Green Transportation segment, and the Clean Tech Solutions segment. The Green Transportation segment generates a majority of its revenue which is designed, manufactured, and sold through the OEM and After Market channels of mechanical and electronic systems and components for the use of automotive gas.

Landi Renzo SpA (CHIX:LNDRM) Headlines

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