Seco SpA (MIL:IOT) Cash-to-Debt : 6.87 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Seco 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. Seco SpA's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.87.

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

MIL:IOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 2.81 Max: 48.29
Current: 6.87

During the past 6 years, Seco SpA's highest Cash to Debt Ratio was 48.29. The lowest was 0.21. And the median was 2.81.

MIL:IOT's Cash-to-Debt is ranked better than
69.01% of 994 companies
in the Semiconductors industry
Industry Median: 1.79 vs MIL:IOT: 6.87

Seco SpA Cash-to-Debt Historical Data

The historical data trend for Seco 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.

* Premium members only.

Seco SpA Cash-to-Debt Chart

Seco SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.58

0.57

0.35

0.24

0.54

Seco SpA Quarterly Data
	Dec18	Dec19	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													4.92	3.27	3.61	0.54	6.87

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

For the Semiconductors subindustry, Seco 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.

Seco SpA's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Seco 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.

Seco 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)
	=	74.816	/	(24.368	+	115.531)
	=	0.53

Seco 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)
	=	70.84	/	(1.948	+	8.367)
	=	6.87

Seco SpA (MIL:IOT) 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.

Seco SpA Cash-to-Debt Related Terms

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

Seco SpA (MIL:IOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Seco SpA (MIL:IOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7GV:Germany

Address

Via Achille Grandi No. 20, Arezzo, ITA

Website

https://www.seco.com

Seco SpA is engaged in providing solutions ranging from the single microcomputer to integrated systems and software platforms. It supplies a variety of industrial sectors including healthcare, industrial automation, logistics, and transportation. The company product portfolio includes Modules, Single Board Computer, HMI Solutions, and Fanless Embedded Computers.