Arabian Drilling Co (SAU:2381) Cash-to-Debt : 0.41 (As of Mar. 2024)

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What is Arabian 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. Arabian Drilling Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.41.

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, Arabian Drilling Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SAU:2381' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.56 Max: 0.74
Current: 0.41

During the past 3 years, Arabian Drilling Co's highest Cash to Debt Ratio was 0.74. The lowest was 0.30. And the median was 0.56.

SAU:2381's Cash-to-Debt is ranked worse than
53.27% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.48 vs SAU:2381: 0.41

Arabian Drilling Co Cash-to-Debt Historical Data

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

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.30

0.67

0.45

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						0.74	0.68	0.48	0.45	0.41

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

For the Oil & Gas Drilling subindustry, Arabian 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.

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

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

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

Arabian 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.

Arabian Drilling Co'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)
	=	1435.421	/	(235.638	+	2953.518)
	=	0.45

Arabian Drilling Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1257.852	/	(195.734	+	2912.606)
	=	0.40

Arabian Drilling Co (SAU:2381) 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.

Arabian Drilling Co Cash-to-Debt Related Terms

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Arabian Drilling Co (SAU:2381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs and related activities. The operating segment of the company Provision of drilling and related services through land rigs and Provision of drilling and related services through off-shore rigs. Majority of revenue is generated from Provision of drilling and related services through land rigs.

Arabian Drilling Co (SAU:2381) Headlines

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