Zignago Vetro SpA (FRA:ZVB) Cash-to-Debt : 0.32 (As of Mar. 2024)

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What is Zignago Vetro 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. Zignago Vetro SpA's cash to debt ratio for the quarter that ended in Mar. 2024 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, Zignago Vetro SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:ZVB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.29 Max: 0.52
Current: 0.32

During the past 13 years, Zignago Vetro SpA's highest Cash to Debt Ratio was 0.52. The lowest was 0.11. And the median was 0.29.

FRA:ZVB's Cash-to-Debt is ranked worse than
59.63% of 379 companies
in the Packaging & Containers industry
Industry Median: 0.41 vs FRA:ZVB: 0.32

Zignago Vetro SpA Cash-to-Debt Historical Data

The historical data trend for Zignago Vetro 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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Zignago Vetro SpA Cash-to-Debt Chart

Zignago Vetro SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.18

0.20

0.38

0.31

0.28

Zignago Vetro 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															0.36	0.29	0.36	0.28	0.32

Competitive Comparison of Zignago Vetro SpA's Cash-to-Debt

For the Packaging & Containers subindustry, Zignago Vetro 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.

Zignago Vetro SpA's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zignago Vetro SpA's Cash-to-Debt distribution charts can be found below:

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

Zignago Vetro 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.

Zignago Vetro 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)
	=	74.778	/	(108.7	+	158.382)
	=	0.28

Zignago Vetro 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)
	=	80.384	/	(106.645	+	141.937)
	=	0.32

Zignago Vetro SpA (FRA:ZVB) 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.

Zignago Vetro SpA Cash-to-Debt Related Terms

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

Zignago Vetro SpA (FRA:ZVB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (FRA:ZVB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZV:Italy

Address

Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

Zignago Vetro SpA (FRA:ZVB) Headlines

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