Cube Labs SpA (MIL:CUBE) Cash-to-Debt : 0.66 (As of Jun. 2023)

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What is Cube Labs 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. Cube Labs SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.66.

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, Cube Labs SpA couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MIL:CUBE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.66
Current: 0.66

During the past 5 years, Cube Labs SpA's highest Cash to Debt Ratio was 0.66. The lowest was 0.06. And the median was 0.20.

MIL:CUBE's Cash-to-Debt is ranked worse than
63.96% of 1451 companies
in the Asset Management industry
Industry Median: 6.06 vs MIL:CUBE: 0.66

Cube Labs SpA Cash-to-Debt Historical Data

The historical data trend for Cube Labs 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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Cube Labs SpA Cash-to-Debt Chart

Cube Labs SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.15

0.06

0.20

0.22

Cube Labs SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.20	0.20	0.22	0.66

Competitive Comparison of Cube Labs SpA's Cash-to-Debt

For the Asset Management subindustry, Cube Labs 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.

Cube Labs SpA's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cube Labs SpA's Cash-to-Debt distribution charts can be found below:

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

Cube Labs 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.

Cube Labs SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.924	/	(0.903	+	3.232)
	=	0.22

Cube Labs SpA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	2.407	/	(0.651	+	2.988)
	=	0.66

Cube Labs SpA (MIL:CUBE) 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.

Cube Labs SpA Cash-to-Debt Related Terms

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Cube Labs SpA (MIL:CUBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cube Labs SpA (MIL:CUBE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Giulio Caccini, 1, Rome, ITA, 00186

Website

https://cube-labs.com

Cube Labs SpA operates as a venture builder that enables innovation in the healthcare technology space. The company is engaged in attracting sources of financing and providing entrepreneurial and operational support to the companies to develop healthcare technologies for the market.