Technoprobe SpA (MIL:TPRO) Cash-to-Debt : 39.48 (As of Jun. 2024)

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What is Technoprobe 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. Technoprobe SpA's cash to debt ratio for the quarter that ended in Jun. 2024 was 39.48.

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

MIL:TPRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.26 Med: 32.71 Max: 50.13
Current: 39.48

During the past 5 years, Technoprobe SpA's highest Cash to Debt Ratio was 50.13. The lowest was 4.26. And the median was 32.71.

MIL:TPRO's Cash-to-Debt is ranked better than
84.01% of 1007 companies
in the Semiconductors industry
Industry Median: 1.69 vs MIL:TPRO: 39.48

Technoprobe SpA Cash-to-Debt Historical Data

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

Technoprobe SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

36.54

4.26

12.28

50.13

26.75

Technoprobe SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial				42.48	50.13	28.87	26.75	39.48

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

For the Semiconductors subindustry, Technoprobe 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.

Technoprobe SpA's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Technoprobe SpA's Cash-to-Debt distribution charts can be found below:

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

Technoprobe 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.

Technoprobe 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)
	=	361.8	/	(3.135	+	10.392)
	=	26.75

Technoprobe 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)
	=	666.998	/	(4.062	+	12.832)
	=	39.48

Technoprobe SpA (MIL:TPRO) 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.

Technoprobe SpA Cash-to-Debt Related Terms

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Technoprobe SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Technoprobe SpA (MIL:TPRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0AB7:UK K8B:Germany

Address

Via Cavalieri di Vittorio Veneto, 2, Cernusco Lombardone, ITA, 23870

Website

https://www.technoprobe.com

Technoprobe SpA operates in the production of electronic circuits, and `mechanical interfaces for electrical contacting of hybrid circuits and semiconductor devices and it is specialized in the design, development and production of probe cards used to test the operation of chips. The company operates in Asia, America, Europe, and Italy and derives a majority of its revenue from Asia.

Technoprobe SpA Headlines

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