Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) Cash-to-Debt : 1.44 (As of Dec. 2023)

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What is Aeroporto Guglielmo Marconi di Bologna 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. Aeroporto Guglielmo Marconi di Bologna SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.44.

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, Aeroporto Guglielmo Marconi di Bologna 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 Aeroporto Guglielmo Marconi di Bologna SpA's Cash-to-Debt or its related term are showing as below:

MIL:ADB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 1.39 Max: 1.79
Current: 1.44

During the past 10 years, Aeroporto Guglielmo Marconi di Bologna SpA's highest Cash to Debt Ratio was 1.79. The lowest was 0.40. And the median was 1.39.

MIL:ADB's Cash-to-Debt is ranked better than
72.76% of 969 companies
in the Transportation industry
Industry Median: 0.49 vs MIL:ADB: 1.44

Aeroporto Guglielmo Marconi di Bologna SpA Cash-to-Debt Historical Data

The historical data trend for Aeroporto Guglielmo Marconi di Bologna 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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Aeroporto Guglielmo Marconi di Bologna SpA Cash-to-Debt Chart

Aeroporto Guglielmo Marconi di Bologna SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.79

0.60

0.40

1.15

1.44

Aeroporto Guglielmo Marconi di Bologna SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.15	1.01	1.06	1.15	1.44

Competitive Comparison of Aeroporto Guglielmo Marconi di Bologna SpA's Cash-to-Debt

For the Airports & Air Services subindustry, Aeroporto Guglielmo Marconi di Bologna 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.

Aeroporto Guglielmo Marconi di Bologna SpA's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aeroporto Guglielmo Marconi di Bologna SpA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aeroporto Guglielmo Marconi di Bologna SpA's Cash-to-Debt falls into.

Aeroporto Guglielmo Marconi di Bologna 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.

Aeroporto Guglielmo Marconi di Bologna 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)
	=	49.336	/	(12.777	+	21.399)
	=	1.44

Aeroporto Guglielmo Marconi di Bologna 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)
	=	49.336	/	(12.777	+	21.399)
	=	1.44

Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) 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.

Aeroporto Guglielmo Marconi di Bologna SpA Cash-to-Debt Related Terms

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

Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aeroporto Guglielmo Marconi di Bologna SpA (MIL:ADB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

169:Germany

Address

Via Triumvirato 84, Bologna, ITA, 40132

Website

https://www.bologna-airport.it

Aeroporto Guglielmo Marconi di Bologna SpA is engaged in the airport operations. It operates with three business units Aviation, Non-Aviation, and Other. Aviation unit is responsible for providing security services, information to the public and airport users, development of the airport infrastructure and service to passengers whereas Non-Aviation unit is concern about parking management, retail sub-concessions, advertising, passenger services and real estate management areas. The group generates revenue through Carriers, Airport Operators, Traffic incentives and Construction Services.

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