Compagnia Dei Caraibi SpA (MIL:1 TIME) Cash-to-Debt : 0.75 (As of Jun. 2023)

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What is Compagnia Dei Caraibi 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. Compagnia Dei Caraibi SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.75.

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, Compagnia Dei Caraibi SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MIL:1 TIME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 1.29 Max: No Debt
Current: 0.75

During the past 4 years, Compagnia Dei Caraibi SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.46. And the median was 1.29.

MIL:1 TIME's Cash-to-Debt is ranked better than
53.08% of 211 companies
in the Beverages - Alcoholic industry
Industry Median: 0.5 vs MIL:1 TIME: 0.75

Compagnia Dei Caraibi SpA Cash-to-Debt Historical Data

The historical data trend for Compagnia Dei Caraibi 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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Compagnia Dei Caraibi SpA Cash-to-Debt Chart

Compagnia Dei Caraibi SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

0.46

1.91

0.77

Compagnia Dei Caraibi SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	1.91	1.82	0.77	0.75

Competitive Comparison of Compagnia Dei Caraibi SpA's Cash-to-Debt

For the Beverages - Wineries & Distilleries subindustry, Compagnia Dei Caraibi 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.

Compagnia Dei Caraibi SpA's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Compagnia Dei Caraibi SpA's Cash-to-Debt distribution charts can be found below:

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

Compagnia Dei Caraibi 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.

Compagnia Dei Caraibi SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	7.139	/	(2.551	+	6.719)
	=	0.77

Compagnia Dei Caraibi SpA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	11.027	/	(3.072	+	11.56)
	=	0.75

Compagnia Dei Caraibi SpA (MIL:1 TIME) 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.

Compagnia Dei Caraibi SpA Cash-to-Debt Related Terms

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Compagnia Dei Caraibi SpA (MIL:1 TIME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Compagnia Dei Caraibi SpA (MIL:1 TIME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Ribes, 3, Colleretto Giacosa, ITA, 10100

Website

https://www.compagniadeicaraibi.com

Compagnia Dei Caraibi SpA is engaged in the import, development, brand building and distribution of premium spirits, wines and soft drinks premium and ultra premium from all over the world.

Compagnia Dei Caraibi SpA (MIL:1 TIME) Headlines

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