Somec SpA (MIL:SOM) Cash-to-Debt : 0.34 (As of Jun. 2023)

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What is Somec 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. Somec SpA's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.34.

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

MIL:SOM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.5 Max: 0.78
Current: 0.34

During the past 6 years, Somec SpA's highest Cash to Debt Ratio was 0.78. The lowest was 0.12. And the median was 0.50.

MIL:SOM's Cash-to-Debt is ranked worse than
65.83% of 1665 companies
in the Construction industry
Industry Median: 0.63 vs MIL:SOM: 0.34

Somec SpA Cash-to-Debt Historical Data

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

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.73

0.45

0.52

0.60

0.49

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial								0.51	0.60	0.60	0.49	0.34

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

For the Building Products & Equipment subindustry, Somec 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.

Somec SpA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Somec SpA's Cash-to-Debt distribution charts can be found below:

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

Somec 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.

Somec SpA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	54.502	/	(26.889	+	83.991)
	=	0.49

Somec SpA's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	39.294	/	(29.879	+	86.256)
	=	0.34

Somec SpA (MIL:SOM) 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.

Somec SpA Cash-to-Debt Related Terms

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

Somec SpA (MIL:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somec SpA (MIL:SOM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

Somec SpA (MIL:SOM) Headlines

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