Econocom Group SE (XBRU:ECONB) Cash-to-Debt : 0.40 (As of Dec. 2023)

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What is Econocom Group SE 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. Econocom Group SE's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

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, Econocom Group SE 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 Econocom Group SE's Cash-to-Debt or its related term are showing as below:

XBRU:ECONB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.61 Max: 0.82
Current: 0.4

During the past 13 years, Econocom Group SE's highest Cash to Debt Ratio was 0.82. The lowest was 0.40. And the median was 0.61.

XBRU:ECONB's Cash-to-Debt is ranked worse than
78.06% of 2799 companies
in the Software industry
Industry Median: 2.43 vs XBRU:ECONB: 0.40

Econocom Group SE Cash-to-Debt Historical Data

The historical data trend for Econocom Group SE'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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Econocom Group SE Cash-to-Debt Chart

Econocom Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.59

0.82

0.65

0.57

0.40

Econocom Group SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.65	0.42	0.57	0.22	0.40

Competitive Comparison of Econocom Group SE's Cash-to-Debt

For the Information Technology Services subindustry, Econocom Group SE'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.

Econocom Group SE's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Econocom Group SE's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Econocom Group SE's Cash-to-Debt falls into.

Econocom Group SE 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.

Econocom Group SE'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)
	=	226.6	/	(132.6	+	436.9)
	=	0.40

Econocom Group SE'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)
	=	226.6	/	(132.6	+	436.9)
	=	0.40

Econocom Group SE (XBRU:ECONB) 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.

Econocom Group SE Cash-to-Debt Related Terms

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

Econocom Group SE (XBRU:ECONB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Econocom Group SE (XBRU:ECONB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0RPX:UK 1E91:Germany

Address

11 square Leon Blum, Puteaux, FRA, 92800

Website

https://www.econocom.com

Econocom Group SE Formerly Econocom Group SA/NV is a European company that designs, finances, and oversees the digital transformation of businesses. The company provides consulting technology management, and financing of digital assets under the Econocom and Atlance brands, as well as application and digital solution services for client companies' IT systems. Additionally, Econocom provides security guidelines and tools, web and mobile applications, and project financing. The company generates revenue from France, Benelux, and other regions in Europe and the Americas, with France representing more than half of total sales. The company operates through three segments: Technology management and financing and Digital Services & Solutions.

Econocom Group SE (XBRU:ECONB) Headlines

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