Porto Aviation Group SpA (MIL:PAG) Cash-to-Debt : 1.72 (As of Dec. 2023)

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What is Porto Aviation Group 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. Porto Aviation Group SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.72.

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

MIL:PAG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.26 Med: 1.36 Max: 1.72
Current: 1.72

During the past 3 years, Porto Aviation Group SpA's highest Cash to Debt Ratio was 1.72. The lowest was 1.26. And the median was 1.36.

MIL:PAG's Cash-to-Debt is ranked better than
66.56% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.725 vs MIL:PAG: 1.72

Porto Aviation Group SpA Cash-to-Debt Historical Data

The historical data trend for Porto Aviation Group 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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Porto Aviation Group SpA Cash-to-Debt Chart

Porto Aviation Group SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.36

1.26

1.72

Porto Aviation Group SpA Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	1.36	1.26	1.72

Competitive Comparison of Porto Aviation Group SpA's Cash-to-Debt

For the Aerospace & Defense subindustry, Porto Aviation Group 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.

Porto Aviation Group SpA's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Porto Aviation Group SpA's Cash-to-Debt distribution charts can be found below:

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

Porto Aviation Group 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.

Porto Aviation Group 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)
	=	1.773	/	(0.045	+	0.987)
	=	1.72

Porto Aviation Group 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)
	=	1.773	/	(0.045	+	0.987)
	=	1.72

Porto Aviation Group SpA (MIL:PAG) 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.

Porto Aviation Group SpA Cash-to-Debt Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

M2N:Germany

Address

Via Confalonieri 22, Cremella, Lecco, ITA, 23894

Website

https://www.portoaviationgroup.com

Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.