FinecoBank SpA (MIL:FBK) Cash-to-Debt : 2.93 (As of Dec. 2023)

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What is FinecoBank 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. FinecoBank SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.93.

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

MIL:FBK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 24.81 Max: No Debt
Current: 2.93

During the past 13 years, FinecoBank SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 24.81.

MIL:FBK's Cash-to-Debt is ranked better than
71.58% of 1439 companies
in the Banks industry
Industry Median: 1.25 vs MIL:FBK: 2.93

FinecoBank SpA Cash-to-Debt Historical Data

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

FinecoBank SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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14.98

34.65

3.15

3.19

2.93

FinecoBank SpA Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.37	3.19	2.11	2.23	2.93

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

For the Banks - Regional subindustry, FinecoBank 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.

FinecoBank SpA's Cash-to-Debt Distribution in the Banks Industry

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

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

FinecoBank 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.

FinecoBank SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	2551.043	/	(0	+	870.646)
	=	2.93

FinecoBank SpA's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	2551.043	/	(0	+	870.646)
	=	2.93

FinecoBank SpA (MIL:FBK) 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.

FinecoBank SpA Cash-to-Debt Related Terms

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

FinecoBank SpA (MIL:FBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FinecoBank SpA (MIL:FBK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FCBBF:USA FBKm:UK 0QVF:UK ZS3:Germany FBK:Austria

Address

Piazza Durante, 11, Milan, ITA, 20131

Website

https://www.finecobank.com

FinecoBank SpA is a FinTech bank in Europe. It offers a business model which combines platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and an important player in private banking in Italy, offering advanced and tailor-made advisory services.