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ADNOC Gas (ADX:ADNOCGAS) Cash-to-Debt : 6.19 (As of Dec. 2023)


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What is ADNOC Gas 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. ADNOC Gas's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.19.

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, ADNOC Gas could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ADX:ADNOCGAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.19   Med: 6.19   Max: 6.19
Current: 6.19

During the past 3 years, ADNOC Gas's highest Cash to Debt Ratio was 6.19. The lowest was 6.19. And the median was 6.19.

ADX:ADNOCGAS's Cash-to-Debt is ranked better than
75.66% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs ADX:ADNOCGAS: 6.19

ADNOC Gas Cash-to-Debt Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas Cash-to-Debt Chart

ADNOC Gas Annual Data
Trend Dec20 Dec21 Dec23
Cash-to-Debt
N/A N/A 6.19

ADNOC Gas Semi-Annual Data
Dec20 Dec21 Dec23
Cash-to-Debt N/A N/A 6.19

Competitive Comparison of ADNOC Gas's Cash-to-Debt

For the Oil & Gas Integrated subindustry, ADNOC Gas'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.

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

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

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


ADNOC Gas 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.

ADNOC Gas'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)
=12227.658 / (1870.781 + 104.037)
=6.19

ADNOC Gas'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)
=12227.658 / (1870.781 + 104.037)
=6.19

* 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.

ADNOC Gas  (ADX:ADNOCGAS) 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.

ADNOC Gas Cash-to-Debt Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
Corniche Road West, P.O. Box 898, Abu Dhabi, ARE
Website
https://www.adnoc.ae
ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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