AB Igrene (XSAT:ABI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is AB Igrene 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. AB Igrene's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, AB Igrene could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(1) 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.

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

XSAT:ABI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, AB Igrene's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was No Debt.

XSAT:ABI's Cash-to-Debt is ranked better than
99.8% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.485 vs XSAT:ABI: No Debt

AB Igrene Cash-to-Debt Historical Data

The historical data trend for AB Igrene'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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AB Igrene Cash-to-Debt Chart

AB Igrene Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.41

No Debt

0.19

No Debt

AB Igrene Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of AB Igrene's Cash-to-Debt

For the Oil & Gas E&P subindustry, AB Igrene'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.

AB Igrene's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

AB Igrene 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.

AB Igrene's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

AB Igrene had no debt ⁽¹⁾.

AB Igrene's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

AB Igrene had no debt ⁽¹⁾.

AB Igrene (XSAT:ABI) 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.

AB Igrene Cash-to-Debt Related Terms

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