ErreDue SpA (MIL:RDUE) Cash-to-Debt : 6.97 (As of Dec. 2023)

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What is ErreDue 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. ErreDue SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.97.

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, ErreDue SpA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MIL:RDUE' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.17 Med: 2.17 Max: 11.49
Current: 6.97

During the past 5 years, ErreDue SpA's highest Cash to Debt Ratio was 11.49. The lowest was 1.17. And the median was 2.17.

MIL:RDUE's Cash-to-Debt is ranked better than
74.78% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs MIL:RDUE: 6.97

ErreDue SpA Cash-to-Debt Historical Data

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

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.27

1.17

2.17

11.49

6.97

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			2.17	2.29	11.49	5.40	6.97

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

For the Specialty Industrial Machinery subindustry, ErreDue 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.

ErreDue SpA's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ErreDue SpA's Cash-to-Debt distribution charts can be found below:

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

ErreDue 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.

ErreDue 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)
	=	19.037	/	(0.547	+	2.186)
	=	6.97

ErreDue SpA's Cash to Debt Ratio for the quarter 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)
	=	19.037	/	(0.547	+	2.186)
	=	6.97

ErreDue SpA (MIL:RDUE) 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.

ErreDue SpA Cash-to-Debt Related Terms

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ErreDue SpA (MIL:RDUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ErreDue SpA (MIL:RDUE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

ErreDue SpA (MIL:RDUE) Headlines

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