Maire SpA (CHIX:MAIREM) Cash-to-Debt : 1.61 (As of Mar. 2024)

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What is Maire 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. Maire SpA's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.61.

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, Maire SpA could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

CHIX:MAIREm' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.89 Max: 1.61
Current: 1.61

During the past 13 years, Maire SpA's highest Cash to Debt Ratio was 1.61. The lowest was 0.35. And the median was 0.89.

CHIX:MAIREm's Cash-to-Debt is ranked better than
67.14% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs CHIX:MAIREm: 1.61

Maire SpA Cash-to-Debt Historical Data

The historical data trend for Maire 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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Maire SpA Cash-to-Debt Chart

Maire SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.79

0.70

0.77

0.85

1.06

Maire SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.09	0.84	1.11	1.06	1.61

Competitive Comparison of Maire SpA's Cash-to-Debt

For the Engineering & Construction subindustry, Maire 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.

Maire SpA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Maire SpA's Cash-to-Debt distribution charts can be found below:

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

Maire 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.

Maire SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	917.09	/	(226.61	+	635.955)
	=	1.06

Maire SpA's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	980.248	/	(190.229	+	417.275)
	=	1.61

Maire SpA (CHIX:MAIREm) 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.

Maire SpA Cash-to-Debt Related Terms

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

Maire SpA (CHIX:MAIREM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maire SpA (CHIX:MAIREm) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MAIRE:Italy 0QEP:UK 3OY1:Germany

Address

Via Gaetano De Castillia 6A, Milan, ITA, 20124

Website

https://www.mairetecnimont.com

Maire Tecnimont SpA is an Italy-based company that provides engineering and construction services and products through its subsidiary. The company operates through two segments. The Hydrocarbons business unit segment designs and constructs plants, for the natural gas chain involving separation, treatment, liquefaction, transport, storage, regasification and compression, and pumping stations. The Green Energy business unit segment is involved in undertaking mechanical plastics recycling and the promotion of recycled chemicals.

Maire SpA (CHIX:MAIREM) Headlines

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