Sicily By Car SpA (MIL:SBC) Cash-to-Debt : 1.27 (As of Dec. 2023)

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What is Sicily By Car 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. Sicily By Car SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.27.

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

MIL:SBC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 0.95 Max: 1.27
Current: 1.27

During the past 3 years, Sicily By Car SpA's highest Cash to Debt Ratio was 1.27. The lowest was 0.63. And the median was 0.95.

MIL:SBC's Cash-to-Debt is ranked better than
54.07% of 1056 companies
in the Business Services industry
Industry Median: 0.975 vs MIL:SBC: 1.27

Sicily By Car SpA Cash-to-Debt Historical Data

The historical data trend for Sicily By Car 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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Sicily By Car SpA Cash-to-Debt Chart

Sicily By Car SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.63

1.27

Sicily By Car SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	N/A	0.63	N/A	1.27

Competitive Comparison of Sicily By Car SpA's Cash-to-Debt

For the Rental & Leasing Services subindustry, Sicily By Car 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.

Sicily By Car SpA's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sicily By Car SpA's Cash-to-Debt distribution charts can be found below:

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

Sicily By Car 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.

Sicily By Car 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)
	=	106.161	/	(51.545	+	31.982)
	=	1.27

Sicily By Car 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)
	=	106.161	/	(51.545	+	31.982)
	=	1.27

Sicily By Car SpA (MIL:SBC) 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.

Sicily By Car SpA Cash-to-Debt Related Terms

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Sicily By Car SpA (MIL:SBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (MIL:SBC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5LC:Germany

Address

Via Galileo Galilei, 10H, Bolzano, ITA, 39100

Website

https://www.sicilybycar.it

Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

Sicily By Car SpA (MIL:SBC) Headlines

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