Edison Spa (MIL:EDNR) Cash-to-Debt : 1.69 (As of Mar. 2024)

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What is Edison 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. Edison Spa's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.69.

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, Edison Spa could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

MIL:EDNR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.4 Max: 1.69
Current: 1.69

During the past 13 years, Edison Spa's highest Cash to Debt Ratio was 1.69. The lowest was 0.11. And the median was 0.40.

MIL:EDNR's Cash-to-Debt is ranked better than
79.59% of 490 companies
in the Utilities - Regulated industry
Industry Median: 0.24 vs MIL:EDNR: 1.69

Edison Spa Cash-to-Debt Historical Data

The historical data trend for Edison 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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Edison Spa Cash-to-Debt Chart

Edison Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.66

0.38

0.92

0.52

1.33

Edison Spa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.89	0.87	1.17	1.33	1.69

Competitive Comparison of Edison Spa's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Edison 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.

Edison Spa's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Edison Spa's Cash-to-Debt distribution charts can be found below:

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

Edison 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.

Edison 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)
	=	1383	/	(345	+	696)
	=	1.33

Edison Spa's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1850	/	(411	+	682)
	=	1.69

Edison Spa (MIL:EDNR) 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.

Edison Spa Cash-to-Debt Related Terms

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Edison Spa (MIL:EDNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Edison Spa (MIL:EDNR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

0N4J:UK

Address

Foro Buonaparte, 31, Milano, ITA, 20121

Website

https://www.edison.it

Edison Spa is an Italian energy operator. It is principally engaged in procurement, production, and sale and supplying electricity, gas and energy, and environmental services to families and businesses. The company operates through three segments namely Electric Power Operations which produces electricity through hydroelectric, wind power, solar and biomass resources; the Hydrocarbons Operations which are engaged in the procurement and sale of natural gas; and Corporate Activities and Other are involved in managing and administering the company's affairs. It generates maximum revenue from the Hydrocarbons Operations segment.

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