Lemon Sistemi SpA (MIL:LS) Cash-to-Debt : 0.96 (As of Dec. 2023)

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What is Lemon Sistemi 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. Lemon Sistemi SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.96.

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

MIL:LS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: 1.53 Max: 1.97
Current: 0.96

During the past 3 years, Lemon Sistemi SpA's highest Cash to Debt Ratio was 1.97. The lowest was 0.96. And the median was 1.53.

MIL:LS's Cash-to-Debt is ranked worse than
62.42% of 934 companies
in the Semiconductors industry
Industry Median: 1.885 vs MIL:LS: 0.96

Lemon Sistemi SpA Cash-to-Debt Historical Data

The historical data trend for Lemon Sistemi 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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Lemon Sistemi SpA Cash-to-Debt Chart

Lemon Sistemi SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.97

1.53

0.96

Lemon Sistemi SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Cash-to-Debt	1.97	1.53	0.08	0.96

Competitive Comparison of Lemon Sistemi SpA's Cash-to-Debt

For the Solar subindustry, Lemon Sistemi 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.

Lemon Sistemi SpA's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Lemon Sistemi SpA's Cash-to-Debt distribution charts can be found below:

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

Lemon Sistemi 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.

Lemon Sistemi 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)
	=	2.726	/	(1.44	+	1.411)
	=	0.96

Lemon Sistemi 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)
	=	2.726	/	(1.44	+	1.411)
	=	0.96

Lemon Sistemi SpA (MIL:LS) 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.

Lemon Sistemi SpA Cash-to-Debt Related Terms

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Lemon Sistemi SpA (MIL:LS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Lemon Sistemi SpA (MIL:LS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via IV Novembre, Balestrate, ITA, 6090041

Website

https://www.lemonsistemi.it

Lemon Sistemi SpA is an Italian company that specializes in solar energy systems. It focuses on designing, installing, and maintaining photovoltaic systems for homes and businesses. Its product portfolio includes Sunpower photovoltaic, Solar Thermal, Renewable heating systems, Storage systems, and Electric car charging stations.

Lemon Sistemi SpA (MIL:LS) Headlines

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