Mare Engineering Group SpA (MIL:MARE) Cash-to-Debt : 0.28 (As of Jun. 2024)

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What is Mare Engineering Group 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. Mare Engineering Group SpA's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.28.

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, Mare Engineering Group SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

MIL:MARE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.2 Max: 0.34
Current: 0.34

During the past 4 years, Mare Engineering Group SpA's highest Cash to Debt Ratio was 0.34. The lowest was 0.07. And the median was 0.20.

MIL:MARE's Cash-to-Debt is ranked worse than
64.7% of 1725 companies
in the Construction industry
Industry Median: 0.65 vs MIL:MARE: 0.34

Mare Engineering Group SpA Cash-to-Debt Historical Data

The historical data trend for Mare Engineering Group 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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Mare Engineering Group SpA Cash-to-Debt Chart

Mare Engineering Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

0.33

0.13

N/A

Mare Engineering Group SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial			0.13	0.07	N/A	0.28	-

Competitive Comparison of Mare Engineering Group SpA's Cash-to-Debt

For the Engineering & Construction subindustry, Mare Engineering Group 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.

Mare Engineering Group SpA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mare Engineering Group SpA's Cash-to-Debt distribution charts can be found below:

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

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Mare Engineering Group 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.

Mare Engineering Group SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Mare Engineering Group SpA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	7.155	/	(13.521	+	12.352)
	=	0.28

Mare Engineering Group SpA (MIL:MARE) 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.

Mare Engineering Group SpA Cash-to-Debt Related Terms

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

Mare Engineering Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mare Engineering Group SpA (MIL:MARE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EZ3:Germany

Address

Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038

Website

https://www.maregroup.it

Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.

Mare Engineering Group SpA Headlines

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