Franchi Umberto Marmi SpA (MIL:FUM) Cash-to-Debt : 0.67 (As of Dec. 2023)

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What is Franchi Umberto Marmi 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. Franchi Umberto Marmi SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.67.

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

MIL:FUM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 0.96 Max: No Debt
Current: 0.67

During the past 6 years, Franchi Umberto Marmi SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.63. And the median was 0.96.

MIL:FUM's Cash-to-Debt is ranked better than
51.54% of 1655 companies
in the Construction industry
Industry Median: 0.62 vs MIL:FUM: 0.67

Franchi Umberto Marmi SpA Cash-to-Debt Historical Data

The historical data trend for Franchi Umberto Marmi 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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Franchi Umberto Marmi SpA Cash-to-Debt Chart

Franchi Umberto Marmi SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.47

1.12

0.79

0.63

0.67

Franchi Umberto Marmi SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.79	0.25	0.63	0.55	0.67

Competitive Comparison of Franchi Umberto Marmi SpA's Cash-to-Debt

For the Building Products & Equipment subindustry, Franchi Umberto Marmi 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.

Franchi Umberto Marmi SpA's Cash-to-Debt Distribution in the Construction Industry

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

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

Franchi Umberto Marmi 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.

Franchi Umberto Marmi 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)
	=	28.639	/	(10.867	+	31.608)
	=	0.67

Franchi Umberto Marmi 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)
	=	28.639	/	(10.867	+	31.608)
	=	0.67

Franchi Umberto Marmi SpA (MIL:FUM) 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.

Franchi Umberto Marmi SpA Cash-to-Debt Related Terms

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

Franchi Umberto Marmi SpA (MIL:FUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Franchi Umberto Marmi SpA (MIL:FUM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

via Del Bravo 14 - 16, Carrara, ITA, 20121

Website

https://www.franchigroup.it

Franchi Umberto Marmi SpA is engaged in the manufacturing, cutting, and shaping of stones, tiles, marbles, granite and other stones. The products of the company are used in the construction industry.

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