E (Eni SpA) Cash-to-Debt : 0.48 (As of Sep. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Eni 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. Eni SpA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.48.

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, Eni SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

E' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.47 Max: 0.68
Current: 0.48

During the past 13 years, Eni SpA's highest Cash to Debt Ratio was 0.68. The lowest was 0.37. And the median was 0.47.

E's Cash-to-Debt is ranked worse than
52.48% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs E: 0.48

Eni SpA Cash-to-Debt Historical Data

The historical data trend for Eni 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.

* Premium members only.

Eni SpA Cash-to-Debt Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.44

0.47

0.44

0.54

0.48

Eni SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.58	0.48	0.46	0.47	0.48

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

For the Oil & Gas Integrated subindustry, Eni 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.

Eni SpA's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Eni 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.

Eni 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)
	=	17735.005	/	(8877.863	+	28270.447)
	=	0.48

Eni SpA's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	18754.717	/	(10376.249	+	28844.617)
	=	0.48

Eni SpA (NYSE:E) 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.

Eni SpA Cash-to-Debt Related Terms

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

Eni SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EIPAF:USA ENI:Italy ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Bulgaria ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.