PRDSY (Prada SpA) Cash-to-Debt : 0.26 (As of Jun. 2024)

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What is Prada 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. Prada 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, Prada 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 Prada SpA's Cash-to-Debt or its related term are showing as below:

PRDSY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.38 Max: 1.37
Current: 0.26

During the past 13 years, Prada SpA's highest Cash to Debt Ratio was 1.37. The lowest was 0.10. And the median was 0.38.

PRDSY's Cash-to-Debt is ranked worse than
60.13% of 1111 companies
in the Retail - Cyclical industry
Industry Median: 0.43 vs PRDSY: 0.26

Prada SpA Cash-to-Debt Historical Data

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

Prada SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.15

0.35

0.41

0.27

Prada SpA Quarterly Data
	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	N/A	0.27	0.26	N/A

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

For the Luxury Goods subindustry, Prada 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.

Prada SpA's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Prada SpA's Cash-to-Debt distribution charts can be found below:

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

Prada 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.

Prada 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)
	=	751.929	/	(616.663	+	2222.487)
	=	0.26

Prada 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)
	=	711.798	/	(650.095	+	2094.461)
	=	0.26

Prada SpA (OTCPK:PRDSY) 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.

Prada SpA Cash-to-Debt Related Terms

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Prada SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Prada SpA (OTCPK:PRDSY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRDSF:USA 01913:Hong Kong PRP:Germany

Address

Via Antonio Fogazzaro, 28, Milan, ITA, 20135

Website

https://www.pradagroup.com

Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates EUR 4.7 billion in sales, with over 80% from the Prada brand. Leather goods make up 46% of retail sales, ready-to-wear 32%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 35% of retail sales, followed by Europe at 31%, 18% in the Americas, and 12% in Japan.