Banca Profilo SPA (MIL:PRO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Banca Profilo 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. Banca Profilo SPA's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Banca Profilo SPA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

MIL:PRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.31 Med: 30.06 Max: No Debt
Current: No Debt

During the past 13 years, Banca Profilo SPA's highest Cash to Debt Ratio was No Debt. The lowest was 1.31. And the median was 30.06.

MIL:PRO's Cash-to-Debt is ranked better than
99.72% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs MIL:PRO: No Debt

Banca Profilo SPA Cash-to-Debt Historical Data

The historical data trend for Banca Profilo 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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Banca Profilo SPA Cash-to-Debt Chart

Banca Profilo SPA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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40.62

19.50

No Debt

Banca Profilo SPA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Banca Profilo SPA's Cash-to-Debt

For the Banks - Regional subindustry, Banca Profilo 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.

Banca Profilo SPA's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banca Profilo SPA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Banca Profilo SPA's Cash-to-Debt falls into.

Banca Profilo SPA Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Banca Profilo SPA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Banca Profilo SPA had no debt ⁽¹⁾.

Banca Profilo SPA's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Banca Profilo SPA had no debt ⁽¹⁾.

Banca Profilo SPA (MIL:PRO) 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.

Banca Profilo SPA Cash-to-Debt Related Terms

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

Banca Profilo SPA (MIL:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Profilo SPA (MIL:PRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Cerva, 28, Milan, ITA, 20122

Website

https://www.bancaprofilo.it

Banca Profilo SPA provides services for managing the assets of private and institutional clients and to the financial needs of companies. The company's operating segments include Private Banking and Investment banking; Finance; Digital channels; Activities Abroad and Corporate Centre. It generates maximum revenue from the Finance segment. The Finance segment relates to the management and development of trading activities on their own account and on behalf of third parties in financial instruments and services related to their issue and placement.