Eurasia Drilling Co (LSE:EDCL) Cash-to-Debt : 0.33 (As of Jun. 2015)

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What is Eurasia Drilling Co 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. Eurasia Drilling Co's cash to debt ratio for the quarter that ended in Jun. 2015 was 0.33.

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, Eurasia Drilling Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2015.

The historical rank and industry rank for Eurasia Drilling Co's Cash-to-Debt or its related term are showing as below:

LSE:EDCL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.68 Max: N/A
Current: 0.33

During the past 9 years, Eurasia Drilling Co's highest Cash to Debt Ratio was N/A. The lowest was 0.29. And the median was 0.68.

LSE:EDCL's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs LSE:EDCL: 0.33

Eurasia Drilling Co Cash-to-Debt Historical Data

The historical data trend for Eurasia Drilling Co'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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Eurasia Drilling Co Cash-to-Debt Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash-to-Debt

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1.56

0.68

0.44

0.70

0.29

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Cash-to-Debt	Get a 7-Day Free Trial								0.57	0.70	0.53	0.29	0.33

Competitive Comparison of Eurasia Drilling Co's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Eurasia Drilling Co'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.

Eurasia Drilling Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eurasia Drilling Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eurasia Drilling Co's Cash-to-Debt falls into.

Eurasia Drilling Co 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.

Eurasia Drilling Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2014 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)
	=	327.055	/	(126.451	+	992.952)
	=	0.29

Eurasia Drilling Co's Cash to Debt Ratio for the quarter that ended in Jun. 2015 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)
	=	370.241	/	(322.611	+	802.606)
	=	0.33

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co Cash-to-Debt Related Terms

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

Eurasia Drilling Co (LSE:EDCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eurasia Drilling Co Ltd (LSE:EDCL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

Eurasia Drilling Co (LSE:EDCL) Headlines

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