Alkemy SpA (LTS:0DF1) Cash-to-Debt : 1.94 (As of Mar. 2024)

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What is Alkemy 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. Alkemy SpA's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.94.

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, Alkemy 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 Alkemy SpA's Cash-to-Debt or its related term are showing as below:

LTS:0DF1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 2.46 Max: No Debt
Current: 1.94

During the past 9 years, Alkemy SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was 2.46.

LTS:0DF1's Cash-to-Debt is ranked worse than
53.49% of 2810 companies
in the Software industry
Industry Median: 2.385 vs LTS:0DF1: 1.94

Alkemy SpA Cash-to-Debt Historical Data

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

Alkemy SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.46

5.93

1.92

1.97

1.87

Alkemy 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															1.39	0.96	0.33	1.87	1.94

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

For the Information Technology Services subindustry, Alkemy 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.

Alkemy SpA's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Alkemy SpA's Cash-to-Debt distribution charts can be found below:

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

Alkemy 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.

Alkemy 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)
	=	12.136	/	(2.11	+	4.396)
	=	1.87

Alkemy 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)
	=	12.157	/	(2.224	+	4.059)
	=	1.93

Alkemy SpA (LTS:0DF1) 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.

Alkemy SpA Cash-to-Debt Related Terms

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Alkemy SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alkemy SpA (LTS:0DF1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ALK:Italy

Address

Via San Gregorio, 34, Milano, ITA, 20124

Website

https://www.alkemy.com

Alkemy SpA is engaged in providing corporate consulting, communication, and advisory services in technological innovation. It offers services in digital areas including advisory, eCommerce, communication, performance, technology and Data management, and digital transformation projects. The company operates in two geographical segments that are Italy and Abroad, out of which the majority of the revenue is generated from the Italy segment.

Alkemy SpA Headlines

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