Corporacion Financiera Alba (XMAD:ALB) Cash-to-Debt : 0.59 (As of Jun. 2023)

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What is Corporacion Financiera Alba 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. Corporacion Financiera Alba's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.59.

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, Corporacion Financiera Alba 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 Corporacion Financiera Alba's Cash-to-Debt or its related term are showing as below:

XMAD:ALB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 1.15 Max: No Debt
Current: 0.59

During the past 13 years, Corporacion Financiera Alba's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was 1.15.

XMAD:ALB's Cash-to-Debt is ranked worse than
64.63% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs XMAD:ALB: 0.59

Corporacion Financiera Alba Cash-to-Debt Historical Data

The historical data trend for Corporacion Financiera Alba'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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Corporacion Financiera Alba Cash-to-Debt Chart

Corporacion Financiera Alba Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.00

0.36

1.18

0.30

0.36

Corporacion Financiera Alba Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.46	0.30	0.55	0.36	0.59

Competitive Comparison of Corporacion Financiera Alba's Cash-to-Debt

For the Asset Management subindustry, Corporacion Financiera Alba'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.

Corporacion Financiera Alba's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corporacion Financiera Alba's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Corporacion Financiera Alba's Cash-to-Debt falls into.

Corporacion Financiera Alba 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.

Corporacion Financiera Alba's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	198.3	/	(0	+	550.7)
	=	0.36

Corporacion Financiera Alba's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	276.4	/	(0	+	465.2)
	=	0.59

Corporacion Financiera Alba (XMAD:ALB) 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.

Corporacion Financiera Alba Cash-to-Debt Related Terms

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

Corporacion Financiera Alba (XMAD:ALB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corporacion Financiera Alba SA (XMAD:ALB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CSV:Germany

Address

C/ castello 77-5th floor, Madrid, ESP, 28006

Website

https://www.corporacionalba.es

Corporacion Financiera Alba SA is an investment holding company in Spain. The company's objective is to take long-term holdings in listed and unlisted companies, with activities in different economic sectors. The company is a part of the March group which integrates Banca March and Fundacion Juan March. Banca March is a family-owned Spanish bank, focused on Private Banking and Wealth Management, with a strong focus on family businesses. Its investments include top-tier office buildings in prime downtown and suburban business locations. Its current investment portfolio includes Acerinox, Naturgy, CIE Automotive, Ebro, Indra, Viscofan among others. It is also engaged in the lease of properties and holds interests in companies through venture capital.