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Nabors Energy Transition II (Nabors Energy Transition II) Cash-to-Debt : 0.65 (As of Dec. 2023)


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What is Nabors Energy Transition II 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. Nabors Energy Transition II's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.65.

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, Nabors Energy Transition II couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Nabors Energy Transition II's Cash-to-Debt or its related term are showing as below:

NETD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66   Med: 0.66   Max: 0.66
Current: 0.66

During the past 1 years, Nabors Energy Transition II's highest Cash to Debt Ratio was 0.66. The lowest was 0.66. And the median was 0.66.

NETD's Cash-to-Debt is ranked worse than
61.66% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.37 vs NETD: 0.66

Nabors Energy Transition II Cash-to-Debt Historical Data

The historical data trend for Nabors Energy Transition II'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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Nabors Energy Transition II Cash-to-Debt Chart

Nabors Energy Transition II Annual Data
Trend Dec23
Cash-to-Debt
0.65

Nabors Energy Transition II Quarterly Data
Apr23 Sep23 Dec23
Cash-to-Debt N/A 0.66 0.65

Competitive Comparison of Nabors Energy Transition II's Cash-to-Debt

For the Shell Companies subindustry, Nabors Energy Transition II'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.

Nabors Energy Transition II's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Nabors Energy Transition II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nabors Energy Transition II's Cash-to-Debt falls into.


Nabors Energy Transition II 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.

Nabors Energy Transition II'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)
=1.984 / (0 + 3.05)
=0.65

Nabors Energy Transition II'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)
=1.984 / (0 + 3.05)
=0.65

* 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.

Nabors Energy Transition II  (NAS:NETD) 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.

Nabors Energy Transition II Cash-to-Debt Related Terms

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Nabors Energy Transition II (Nabors Energy Transition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nabors Energy Transition Corp II (NAS:NETD) » Definitions » Cash-to-Debt
Comparable Companies
CXAC NFNT APGB SLAM KCGI CCVI CNDA EMLD RRAC TRTL PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
515 West Greens Road, Suite 1200, Houston, TX, USA, 77067
Website
https://www.nabors-etcorp.com
Nabors Energy Transition Corp II is a blank check company.
Executives
Anthony G Petrello director, 10 percent owner, officer: President, CEO and Secretary NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo officer: Chief Financial Officer P.O. BOX 60068, HOUSTON TX 77205-0068
Guillermo Sierra officer: VP, Energy Transition C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Calhoun Colleen director 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Lux 2 S.a.r.l. 10 percent owner 8-10 AVENUE DE LA GARE, LUXEMBOURG CITY N4 L-1610
Nabors Energy Transition Sponsor Ii Llc 10 percent owner 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Greens Road Energy Ii Llc 10 percent owner 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Stephen M. Trauber director 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067