Predict SpA (MIL:PRE) Cash-to-Debt : 0.26 (As of Jun. 2024)

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What is Predict 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. Predict SpA's cash to debt ratio for the quarter that ended in Jun. 2024 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, Predict 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 Predict SpA's Cash-to-Debt or its related term are showing as below:

MIL:PRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 1.58 Max: 6.94
Current: 6.94

During the past 3 years, Predict SpA's highest Cash to Debt Ratio was 6.94. The lowest was 0.26. And the median was 1.58.

MIL:PRE's Cash-to-Debt is ranked better than
68.88% of 858 companies
in the Medical Devices & Instruments industry
Industry Median: 1.73 vs MIL:PRE: 6.94

Predict SpA Cash-to-Debt Historical Data

The historical data trend for Predict 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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Predict SpA Cash-to-Debt Chart

Predict SpA Annual Data

Trend

Dec22

Dec23

Dec24

Cash-to-Debt

1.58

4.85

6.94

Predict SpA Semi-Annual Data
	Dec22	Dec23	Jun24	Dec24
Cash-to-Debt	1.58	4.85	0.26	6.94

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

For the Medical Devices subindustry, Predict 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.

Predict SpA's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Predict SpA's Cash-to-Debt distribution charts can be found below:

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

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Predict 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.

Predict 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)
	=	1.63	/	(0.319	+	0.017)
	=	4.85

Predict 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)
	=	0.216	/	(0	+	0.839)
	=	0.26

Predict SpA (MIL:PRE) 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.

Predict SpA Cash-to-Debt Related Terms

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Predict SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Predict SpA (MIL:PRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Fiera del Levante Pad. 105, Viale Adriatico, Bari, ITA, 70132

Website

https://www.predictcare.it

Predict SpA develops innovative healthcare technologies, such as Optip and Mistral, and sells medical diagnostic imaging systems. Its products include Versana Active GE, Optic probe, Versana Balance GE, Voluson S-series, and Vivid T8.