Ecomembrane SpA (MIL:ECMB) Cash-to-Debt : 4.40 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Ecomembrane 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. Ecomembrane SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.40.

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, Ecomembrane SpA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MIL:ECMB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.63 Max: 4.4
Current: 4.4

During the past 3 years, Ecomembrane SpA's highest Cash to Debt Ratio was 4.40. The lowest was 0.43. And the median was 0.63.

MIL:ECMB's Cash-to-Debt is ranked better than
81.48% of 378 companies
in the Packaging & Containers industry
Industry Median: 0.42 vs MIL:ECMB: 4.40

Ecomembrane SpA Cash-to-Debt Historical Data

The historical data trend for Ecomembrane 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.

* Premium members only.

Ecomembrane SpA Cash-to-Debt Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.63

0.43

4.40

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Cash-to-Debt	0.63	0.43	No Debt	4.40

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

For the Packaging & Containers subindustry, Ecomembrane 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.

Ecomembrane SpA's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's Cash-to-Debt distribution charts can be found below:

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

Ecomembrane 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.

Ecomembrane 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)
	=	7.476	/	(0.632	+	1.068)
	=	4.40

Ecomembrane SpA'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)
	=	7.476	/	(0.632	+	1.068)
	=	4.40

Ecomembrane SpA (MIL:ECMB) 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.

Ecomembrane SpA Cash-to-Debt Related Terms

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

Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

No Headlines