Iveco Group NV (MIL:IVG) Cash-to-Debt

: 0.43 (As of Dec. 2023)

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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. Iveco Group NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.43.

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, Iveco Group NV couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Iveco Group NV's Cash-to-Debt or its related term are showing as below:

MIL:IVG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.5
Current: 0.43

During the past 6 years, Iveco Group NV's highest Cash to Debt Ratio was 0.50. The lowest was 0.07. And the median was 0.13.

MIL:IVG's Cash-to-Debt is ranked worse than
57.97% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.62 vs MIL:IVG: 0.43

Iveco Group NV Cash-to-Debt Historical Data

The historical data trend for Iveco Group NV'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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Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.07

0.08

0.16

0.50

0.43

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt												0.50	0.42	0.35	0.29	0.43

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Iveco Group NV'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.

Iveco Group NV Cash-to-Debt Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Iveco Group NV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Iveco Group NV's Cash-to-Debt falls into.

Iveco Group NV 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.

Iveco Group NV'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)
	=	2637	/	(3942	+	2158)
	=	0.43

Iveco Group NV'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)
	=	2637	/	(3942	+	2158)
	=	0.43

Iveco Group NV (MIL:IVG) 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.

Iveco Group NV Cash-to-Debt Related Terms

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

Iveco Group NV (MIL:IVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (MIL:IVG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IVCGF:USA IVGm:UK R3D:Germany

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

Iveco Group NV (MIL:IVG) Headlines

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