Palingeo SpA (MIL:PAL) Cash-to-Debt : 0.39 (As of Jun. 2023)

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What is Palingeo 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. Palingeo SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.39.

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

MIL:PAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.39 Max: 0.39
Current: 0.39

During the past 2 years, Palingeo SpA's highest Cash to Debt Ratio was 0.39. The lowest was 0.09. And the median was 0.39.

MIL:PAL's Cash-to-Debt is ranked worse than
62.25% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs MIL:PAL: 0.39

Palingeo SpA Cash-to-Debt Historical Data

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

Palingeo SpA Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.09

0.39

Palingeo SpA Quarterly Data
	Dec21	Dec22	Jun23
Cash-to-Debt	0.09	0.39	0.39

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

For the Engineering & Construction subindustry, Palingeo 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.

Palingeo SpA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Palingeo SpA's Cash-to-Debt distribution charts can be found below:

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

Palingeo 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.

Palingeo 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)
	=	4.154	/	(6.408	+	4.298)
	=	0.39

Palingeo 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)
	=	5.527	/	(10.221	+	4.112)
	=	0.39

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA Cash-to-Debt Related Terms

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Palingeo SpA (MIL:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Palingeo SpA (MIL:PAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Website

Palingeo SpA is an engineering and construction company. Its projects includes construction or modernization of railway lines, motorway networks, bridges, tunnels, roads, schools, hospitals, hydraulic system projects, wind farms or solar plants, collection and regulation of water/hydroelectric plants, etc.

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