Piaggio & C. SpA (LTS:0FM1) Cash-to-Debt : 0.34 (As of Sep. 2024)

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What is Piaggio & C. 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. Piaggio & C. SpA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.34.

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, Piaggio & C. 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 Piaggio & C. SpA's Cash-to-Debt or its related term are showing as below:

LTS:0FM1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.32 Max: No Debt
Current: 0.34

During the past 13 years, Piaggio & C. SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 0.32.

LTS:0FM1's Cash-to-Debt is ranked worse than
61.15% of 1305 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs LTS:0FM1: 0.34

Piaggio & C. SpA Cash-to-Debt Historical Data

The historical data trend for Piaggio & C. 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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Piaggio & C. SpA Cash-to-Debt Chart

Piaggio & C. SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

0.35

0.41

0.40

0.30

Piaggio & C. 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															0.37	0.30	0.41	0.44	0.34

Competitive Comparison of Piaggio & C. SpA's Cash-to-Debt

For the Auto Manufacturers subindustry, Piaggio & C. 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.

Piaggio & C. SpA's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piaggio & C. SpA's Cash-to-Debt distribution charts can be found below:

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

Piaggio & C. 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.

Piaggio & C. 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)
	=	187.897	/	(135.212	+	486.718)
	=	0.30

Piaggio & C. 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)
	=	239.979	/	(162.737	+	538.462)
	=	0.34

Piaggio & C. SpA (LTS:0FM1) 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.

Piaggio & C. SpA Cash-to-Debt Related Terms

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

Piaggio & C. SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piaggio & C. SpA (LTS:0FM1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PIAGF:USA PIA:Italy PIAm:UK P1I:Germany

Address

Viale Rinaldo Piaggio, 25, Pontedera, Pisa, ITA, 56025

Website

https://www.piaggiogroup.com

Piaggio & C. SpA is an Italian manufacturer of motor vehicles with international operations. The product portfolio consists of scooters, mopeds, and motorcycles marketed under the Aprilia, Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, and Scarabeo brands, as well as three- and four-wheeler light vehicles, marketed under the Ape, and Porter brands. Piaggio's sales are mainly in Europe, the Middle East, Africa; the Americas; and India, but are also in the Asia-Pacific region. The firm's manufacturing units are located in Italy, India, and Vietnam.

Piaggio & C. SpA Headlines

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