Premia Finance SpA (MIL:PFI) Cash-to-Debt : 30.24 (As of Jun. 2024)

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What is Premia Finance 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. Premia Finance SpA's cash to debt ratio for the quarter that ended in Jun. 2024 was 30.24.

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, Premia Finance SpA could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

MIL:PFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.13 Med: 41.58 Max: 239.5
Current: 30.24

During the past 4 years, Premia Finance SpA's highest Cash to Debt Ratio was 239.50. The lowest was 9.13. And the median was 41.58.

MIL:PFI's Cash-to-Debt is ranked better than
84.8% of 513 companies
in the Credit Services industry
Industry Median: 0.21 vs MIL:PFI: 30.24

Premia Finance SpA Cash-to-Debt Historical Data

The historical data trend for Premia Finance 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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Premia Finance SpA Cash-to-Debt Chart

Premia Finance SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

192.00

239.50

52.93

29.75

Premia Finance SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			232.80	52.93	20.84	29.75	30.24

Competitive Comparison of Premia Finance SpA's Cash-to-Debt

For the Credit Services subindustry, Premia Finance 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.

Premia Finance SpA's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Premia Finance SpA's Cash-to-Debt distribution charts can be found below:

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

Premia Finance 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.

Premia Finance 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)
	=	0.714	/	(0.005	+	0.019)
	=	29.75

Premia Finance 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)
	=	0.635	/	(0.004	+	0.017)
	=	30.24

Premia Finance SpA (MIL:PFI) 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.

Premia Finance SpA Cash-to-Debt Related Terms

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Premia Finance SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Premia Finance SpA (MIL:PFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Italia 104, Catania, ITA, 95129

Website

https://www.premiafinancespa.it

Premia Finance SpA provides credit brokerage services. The company helps banks, credit organizations, and financial institutions to connect with borrowers for various credit products such as fifth transfer, mortgages, personal loans, microcredit, loan with delegation, insurance, and others.