ELSA Solutions SpA (MIL:ELSA) Cash-to-Debt : 0.26 (As of Dec. 2023)

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What is ELSA Solutions 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. ELSA Solutions SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

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, ELSA Solutions SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MIL:ELSA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.22 Max: 0.26
Current: 0.26

During the past 3 years, ELSA Solutions SpA's highest Cash to Debt Ratio was 0.26. The lowest was 0.05. And the median was 0.22.

MIL:ELSA's Cash-to-Debt is ranked worse than
80.21% of 3006 companies
in the Industrial Products industry
Industry Median: 1.175 vs MIL:ELSA: 0.26

ELSA Solutions SpA Cash-to-Debt Historical Data

The historical data trend for ELSA Solutions 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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ELSA Solutions SpA Cash-to-Debt Chart

ELSA Solutions SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.22

0.05

0.26

ELSA Solutions SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.22	0.05	0.26

Competitive Comparison of ELSA Solutions SpA's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, ELSA Solutions 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.

ELSA Solutions SpA's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ELSA Solutions SpA's Cash-to-Debt distribution charts can be found below:

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

ELSA Solutions 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.

ELSA Solutions 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)
	=	1.912	/	(4.561	+	2.723)
	=	0.26

ELSA Solutions SpA's Cash to Debt Ratio for the quarter 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)
	=	1.912	/	(4.561	+	2.723)
	=	0.26

ELSA Solutions SpA (MIL:ELSA) 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.

ELSA Solutions SpA Cash-to-Debt Related Terms

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ELSA Solutions SpA (MIL:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELSA Solutions SpA (MIL:ELSA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via P. Patarini 15, Imola, ITA, 40026

Website

https://www.elsaweb.it

ELSA Solutions SpA is a company engaged in in the motion control and special purpose batteries sector. It operates through two business lines: the E-Motion line, dedicated to the system integrator activity of industrial automation systems (motion control), with which it offers solutions and components for operation, management and the control of the movement of mechanical systems in the field of industrial automation and the movement of precision, and the Aliant line, dedicated to the assembly of special purpose battery systems, in particular lithium batteries and in the hydrogen systems sector in which the Company operates as an OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturing.

ELSA Solutions SpA (MIL:ELSA) Headlines

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