Res SpA (MIL:RES) Cash-to-Debt : 0.84 (As of Dec. 2023)

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What is Res 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. Res SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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

MIL:RES' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 0.84 Max: No Debt
Current: 0.84

During the past 3 years, Res SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.38. And the median was 0.84.

MIL:RES's Cash-to-Debt is ranked better than
69.92% of 236 companies
in the Waste Management industry
Industry Median: 0.35 vs MIL:RES: 0.84

Res SpA Cash-to-Debt Historical Data

The historical data trend for Res 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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Res SpA Cash-to-Debt Chart

Res SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.38

0.84

Res SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	0.38	2.12	0.84

Competitive Comparison of Res SpA's Cash-to-Debt

For the Waste Management subindustry, Res 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.

Res SpA's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Res SpA's Cash-to-Debt distribution charts can be found below:

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

Res 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.

Res 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)
	=	10.521	/	(2.36	+	10.146)
	=	0.84

Res 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)
	=	10.521	/	(2.36	+	10.146)
	=	0.84

Res SpA (MIL:RES) 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.

Res SpA Cash-to-Debt Related Terms

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

Res SpA (MIL:RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Res SpA (MIL:RES) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pettoranello del Molise, Zona Industriale, ITA, 86090

Website

https://www.recuperoeticosostenibile.it

Res SpA operates in the waste sector. The business activity is mainly focused on the collection and sorting of materials. The company deals with the entire waste management process from selection to functional treatment and transformation to the regeneration and recovery of waste and reuse as production raw materials.