Ariston Holding NV (LTS:0ABE) Cash-to-Debt : 0.45 (As of Dec. 2023)

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What is Ariston Holding NV 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. Ariston Holding NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

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, Ariston Holding NV couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LTS:0ABE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 0.78 Max: 1.42
Current: 0.45

During the past 7 years, Ariston Holding NV's highest Cash to Debt Ratio was 1.42. The lowest was 0.45. And the median was 0.78.

LTS:0ABE's Cash-to-Debt is ranked better than
64.57% of 429 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs LTS:0ABE: 0.45

Ariston Holding NV Cash-to-Debt Historical Data

The historical data trend for Ariston Holding NV'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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Ariston Holding NV Cash-to-Debt Chart

Ariston Holding NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.66

0.78

1.42

1.08

0.45

Ariston Holding NV Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					1.42	1.04	1.08	0.29	0.45

Competitive Comparison of Ariston Holding NV's Cash-to-Debt

For the Utilities - Renewable subindustry, Ariston Holding NV'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.

Ariston Holding NV's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Ariston Holding NV's Cash-to-Debt falls into.

Ariston Holding NV 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.

Ariston Holding NV'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)
	=	456.4	/	(78.3	+	942.1)
	=	0.45

Ariston Holding NV'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)
	=	456.4	/	(78.3	+	942.1)
	=	0.45

Ariston Holding NV (LTS:0ABE) 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.

Ariston Holding NV Cash-to-Debt Related Terms

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

Ariston Holding NV (LTS:0ABE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ariston Holding NV (LTS:0ABE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ARIS:Italy ARISm:UK E0E:Germany

Address

Via Broletto 44, Milano, ITA, 20121

Website

https://www.aristongroup.com

Ariston Holding NV is an Italian based company that produces heating systems and related products. It develops, manufactures, and markets renewable hot water solutions. The company brands include Ariston, Elco, Chaffoteaux, Racold, Calorex, NTI, HTP, ATAG amongst others. Its segment includes Thermal Com-fort (TC), Burners (BUR), and Components (COM).

Ariston Holding NV (LTS:0ABE) Headlines

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