Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ENAV SpAMIL:ENAV -0.32%85 Cash-to-Debt is 0.51 as of Jun. 2026, which is 15% below its 10-year median of 0.60. GuruFocus rates MIL:ENAV with a GF Score™ of 85/100 and a GF Value™ of €4.23 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,004 Transportation companies, ENAV SpA ranks better than 65.34% on this metric.
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. ENAV SpA's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.51.
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, ENAV SpAcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for ENAV SpA's Cash-to-Debt or its related term are showing as below:
MIL:ENAV'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.6 Max: No Debt
Current: 0.99
During the past 12 years, ENAV SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 0.60.
MIL:ENAV's Cash-to-Debt is ranked better than 65.34% of 1004
companies
in the Transportation industry
Industry Median: 0.49
vs MIL:ENAV: 0.99
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.
ENAV SpA Cash-to-Debt Related Terms
ENAV SpA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for ENAV 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.
For the Airports & Air Services subindustry, ENAV 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.
ENAV SpA Cash-to-Debt vs Transportation Industry
For the Transportation industry and Industrials sector, ENAV SpA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ENAV SpA's Cash-to-Debt falls into.
* 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.
ENAV SpA (MIL:ENAV) has a Cash-to-Debt of 0.51 as of Jun. 2026. This is 15% below median its historical median of 0.60. Over the past decade, ENAV SpA's Cash-to-Debt has ranged from 0.23 to 10,000.00. According to the industry distribution chart, ENAV SpA ranks #348 out of 1004 companies in the Transportation industry, placing it in the top 34.7%.
Is ENAV SpA's Cash-to-Debt too high?
ENAV SpA's current Cash-to-Debt of 0.51 is 15% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 10,000.00. The Transportation industry median Cash-to-Debt is 0.49. ENAV SpA's value of 0.51 is 4.1% above this industry median. Based on the distribution chart, ENAV SpA ranks #348 out of 1004 companies in the Transportation industry, which is above the industry midpoint. Overall, ENAV SpA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ENAV SpA's Cash-to-Debt compare to JOBY?
According to the Transportation industry distribution chart, ENAV SpA ranks #348 out of 1004 companies for Cash-to-Debt. This puts ENAV SpA in the upper half of its industry. The industry median Cash-to-Debt is 0.49. ENAV SpA's value of 0.51 is 4.1% above this benchmark. Historically, ENAV SpA's own Cash-to-Debt has ranged from 0.23 to 10,000.00 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.49, ENAV SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Transportation company?
The median Cash-to-Debt among Transportation companies is 0.49, based on 1,004 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ENAV SpA's current Cash-to-Debt of 0.51 is 4.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median Cash-to-Debt is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENAV SpA's current Cash-to-Debt is 0.51, which is 15% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENAV SpA stock overvalued right now?
Based on GuruFocus' analysis, ENAV SpA (MIL:ENAV) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.23, compared to a current price of €4.92 — trading 16.4% above its estimated fair value. The current Cash-to-Debt is 0.51, which is 15% below median its 10-year median of 0.60 and 4.1% above the Transportation industry median of 0.49. ENAV SpA's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For ENAV SpA (MIL:ENAV), the current Cash-to-Debt is 0.51 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ENAV SpA (MIL:ENAV) Overvalued in 2026?
Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued.
The current stock price of €4.92 is trading 16.4% above its estimated GF Value™ of €4.23.
GuruFocus considers ENAV SpA to be Modestly Overvalued.
Key valuation signals for MIL:ENAV:
Cash-to-Debt: 0.51 (15% below median its 10-year median of 0.60)
GF Value™: €4.23 vs. price of €4.92 (16.4% above fair value)
Industry Position: 4.1% above the Transportation median (#348 of 1004)
No single metric tells the full story. See the MIL:ENAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.
85GF Score
Get the complete analysis for MIL:ENAV
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ENAV has been successfully added to your 
