Eviso SpA (FRA:6Z8) Cash-to-Debt : 2.40 (As of Jun. 2024)

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What is Eviso 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. Eviso SpA's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.40.

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

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

FRA:6Z8' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 2.07 Max: 3.19
Current: 2.4

During the past 7 years, Eviso SpA's highest Cash to Debt Ratio was 3.19. The lowest was 1.01. And the median was 2.07.

FRA:6Z8's Cash-to-Debt is ranked better than
81.76% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs FRA:6Z8: 2.40

Eviso SpA Cash-to-Debt Historical Data

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

Eviso SpA Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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1.01

1.71

2.07

1.85

2.40

Eviso SpA Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial							2.07	0.69	1.85	1.60	2.40

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

For the Utilities - Regulated Electric subindustry, Eviso 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.

Eviso SpA's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Eviso SpA's Cash-to-Debt distribution charts can be found below:

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

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Eviso 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.

Eviso SpA's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	20.681	/	(3.066	+	5.559)
	=	2.40

Eviso SpA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	20.681	/	(3.066	+	5.559)
	=	2.40

Eviso SpA (FRA:6Z8) 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.

Eviso SpA Cash-to-Debt Related Terms

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Eviso SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eviso SpA (FRA:6Z8) » Definitions » Cash-to-Debt

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EVISO:Italy

Address

Via Silvio Pellico 19, Saluzzo, ITA, 12037

Website

https://www.eviso.it

Eviso SpA specializes in the supply of electricity for small and medium-sized enterprises, farms, shops and restaurants in low voltage and medium voltage. The coverage for the supply of electricity is active in all regions of Italy.

Eviso SpA Headlines

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