Hydrocarbon Dynamics (ASX:HCD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Hydrocarbon Dynamics 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. Hydrocarbon Dynamics's cash to debt ratio for the quarter that ended in Dec. 2023 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, Hydrocarbon Dynamics could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Hydrocarbon Dynamics's Cash-to-Debt or its related term are showing as below:

ASX:HCD' s Cash-to-Debt Range Over the Past 10 Years
Min: 244.2 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Hydrocarbon Dynamics's highest Cash to Debt Ratio was No Debt. The lowest was 244.20. And the median was No Debt.

ASX:HCD's Cash-to-Debt is ranked better than
99.87% of 1550 companies
in the Chemicals industry
Industry Median: 0.72 vs ASX:HCD: No Debt

Hydrocarbon Dynamics Cash-to-Debt Historical Data

The historical data trend for Hydrocarbon Dynamics'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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Hydrocarbon Dynamics Cash-to-Debt Chart

Hydrocarbon Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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271.33

244.20

No Debt

Hydrocarbon Dynamics 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															No Debt	29.89	No Debt	No Debt	No Debt

Competitive Comparison of Hydrocarbon Dynamics's Cash-to-Debt

For the Specialty Chemicals subindustry, Hydrocarbon Dynamics'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.

Hydrocarbon Dynamics's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hydrocarbon Dynamics's Cash-to-Debt distribution charts can be found below:

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

Hydrocarbon Dynamics 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.

Hydrocarbon Dynamics's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Hydrocarbon Dynamics had no debt ⁽¹⁾.

Hydrocarbon Dynamics's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Hydrocarbon Dynamics had no debt ⁽¹⁾.

Hydrocarbon Dynamics (ASX:HCD) 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.

Hydrocarbon Dynamics Cash-to-Debt Related Terms

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

Hydrocarbon Dynamics (ASX:HCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hydrocarbon Dynamics Ltd (ASX:HCD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

412 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.hydrocarbondynamics.com

Hydrocarbon Dynamics Ltd is a provider of Oil and Gas production chemicals. It is engaged in the sales and marketing of its proprietary products as well as the evaluation of oil projects in North America and internationally. It has two operating segment Exploration division, Chemical division. The exploration division comprises the exploration, development, and production of oil and gas projects in the United states, and the Chemical division comprises clean oil technology and business (HCD) around the world.

Hydrocarbon Dynamics (ASX:HCD) Headlines

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Hydrocarbon Dynamics (ASX:HCD) Cash-to-Debt : No Debt (1) (As of Dec. 2023)