Vimi Fasteners SpA (MIL:VIM) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is Vimi Fasteners 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. Vimi Fasteners SpA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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

MIL:VIM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.4
Current: 0.13

During the past 9 years, Vimi Fasteners SpA's highest Cash to Debt Ratio was 0.40. The lowest was 0.07. And the median was 0.13.

MIL:VIM's Cash-to-Debt is ranked worse than
91.46% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs MIL:VIM: 0.13

Vimi Fasteners SpA Cash-to-Debt Historical Data

The historical data trend for Vimi Fasteners 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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Vimi Fasteners SpA Cash-to-Debt Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.31

0.24

0.12

0.10

0.13

Vimi Fasteners SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.12	0.05	0.10	0.10	0.13

Competitive Comparison of Vimi Fasteners SpA's Cash-to-Debt

For the Tools & Accessories subindustry, Vimi Fasteners 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.

Vimi Fasteners SpA's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vimi Fasteners SpA's Cash-to-Debt distribution charts can be found below:

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

Vimi Fasteners 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.

Vimi Fasteners 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)
	=	2.991	/	(10.764	+	11.654)
	=	0.13

Vimi Fasteners 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)
	=	2.991	/	(10.764	+	11.654)
	=	0.13

Vimi Fasteners SpA (MIL:VIM) 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.

Vimi Fasteners SpA Cash-to-Debt Related Terms

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

Vimi Fasteners SpA (MIL:VIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vimi Fasteners SpA (MIL:VIM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017

Website

http://www.vimifasteners.com

Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

Vimi Fasteners SpA (MIL:VIM) Headlines

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