Health Italia SpA (MIL:HI) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Health Italia 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. Health Italia SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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

MIL:HI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.42 Max: 2.82
Current: 0.1

During the past 9 years, Health Italia SpA's highest Cash to Debt Ratio was 2.82. The lowest was 0.10. And the median was 0.42.

MIL:HI's Cash-to-Debt is ranked worse than
100% of 21 companies
in the Healthcare Plans industry
Industry Median: 1.77 vs MIL:HI: 0.10

Health Italia SpA Cash-to-Debt Historical Data

The historical data trend for Health Italia 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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Health Italia SpA Cash-to-Debt Chart

Health Italia SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.47

0.42

0.40

0.24

0.10

Health Italia SpA Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												0.40	0.19	0.24	0.44	0.10

Competitive Comparison of Health Italia SpA's Cash-to-Debt

For the Healthcare Plans subindustry, Health Italia 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.

Health Italia SpA's Cash-to-Debt Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Health Italia SpA's Cash-to-Debt distribution charts can be found below:

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

Health Italia 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.

Health Italia 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)
	=	1.077	/	(2.283	+	8.099)
	=	0.10

Health Italia 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)
	=	1.077	/	(2.283	+	8.099)
	=	0.10

Health Italia SpA (MIL:HI) 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.

Health Italia SpA Cash-to-Debt Related Terms

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Health Italia SpA (MIL:HI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Health Italia SpA (MIL:HI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6I5:Germany

Address

Via di Santa Cornelia, 9, Formello, ITA, 00060

Website

http://www.healthitalia.it

Health Italia SpA is an Italy based company engaged in offering integrated healthcare services. It operates in the promotion of integrated and alternative healthcare solutions and provides administrative, liquidation, information technology and consulting services for health funds, health care funds and mutual-aid companies. In addition, the group is also active in the corporate welfare market and manages outsourced flexible benefit welfare plans.