Seri Industrial (MIL:SERI) Cash-to-Debt : 0.32 (As of Jun. 2024)

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What is Seri Industrial 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. Seri Industrial's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.32.

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

MIL:SERI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.5
Current: 0.32

During the past 13 years, Seri Industrial's highest Cash to Debt Ratio was 0.50. The lowest was 0.03. And the median was 0.15.

MIL:SERI's Cash-to-Debt is ranked better than
56.65% of 436 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.235 vs MIL:SERI: 0.32

Seri Industrial Cash-to-Debt Historical Data

The historical data trend for Seri Industrial'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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Seri Industrial Cash-to-Debt Chart

Seri Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.12

0.08

0.17

0.20

0.50

Seri Industrial Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.20	0.03	0.50	0.32

Competitive Comparison of Seri Industrial's Cash-to-Debt

For the Utilities - Renewable subindustry, Seri Industrial'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.

Seri Industrial's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Seri Industrial's Cash-to-Debt distribution charts can be found below:

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

Seri Industrial 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.

Seri Industrial'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)
	=	65.155	/	(66.72	+	63.777)
	=	0.50

Seri Industrial'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)
	=	38.152	/	(66.254	+	54.656)
	=	0.32

Seri Industrial (MIL:SERI) 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.

Seri Industrial Cash-to-Debt Related Terms

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

Seri Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Seri Industrial (MIL:SERI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0Q98:UK PCHP:Germany

Address

via Provinciale per Gioia Sannitica, San Potito Sannitico, Caserta, ITA, 81016

Website

https://www.seri-industrial.it

Seri Industrial is a financial holding company. It researches, markets and designs the production of energy from renewable sources including wind and solar power. The company offers lead and lithium batteries for traction, stationary, and automotive applications. It also produces lids, boxes, and accessories for industrial, traction, and stationary batteries, as well as for the automotive sector.

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