GC Rieber Shipping ASA (OSL:RISH) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is GC Rieber Shipping ASA 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. GC Rieber Shipping ASA's cash to debt ratio for the quarter that ended in Sep. 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, GC Rieber Shipping ASA could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 GC Rieber Shipping ASA's Cash-to-Debt or its related term are showing as below:

OSL:RISH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 376.55

During the past 13 years, GC Rieber Shipping ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

OSL:RISH's Cash-to-Debt is not ranked
in the Transportation industry.
Industry Median: 0.49 vs OSL:RISH: 376.55

GC Rieber Shipping ASA Cash-to-Debt Historical Data

The historical data trend for GC Rieber Shipping ASA'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.

* Premium members only.

GC Rieber Shipping ASA Cash-to-Debt Chart

GC Rieber Shipping ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.17

0.19

0.30

185.51

489.36

GC Rieber Shipping ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	489.36	No Debt	No Debt

Competitive Comparison of GC Rieber Shipping ASA's Cash-to-Debt

For the Marine Shipping subindustry, GC Rieber Shipping ASA'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.

GC Rieber Shipping ASA's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GC Rieber Shipping ASA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where GC Rieber Shipping ASA's Cash-to-Debt falls into.

GC Rieber Shipping ASA 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.

GC Rieber Shipping ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	416.936	/	(0.852	+	0)
	=	489.36

GC Rieber Shipping ASA's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

GC Rieber Shipping ASA had no debt ⁽¹⁾.

GC Rieber Shipping ASA (OSL:RISH) 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.

GC Rieber Shipping ASA Cash-to-Debt Related Terms

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

GC Rieber Shipping ASA (OSL:RISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GC Rieber Shipping ASA (OSL:RISH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Solheimsgaten 15, Bergen, NOR, 5058

Website

https://www.gcrieber-shipping.com

GC Rieber Shipping ASA is a Norwegian offshore shipping company. The business activities of the company include ownership of specialized vessels, marine ship management, project development, and industrial portfolio management within the segments of offshore subsea, ice research, and support. The company's operating segments are Ice/ Support, Marine Seismic and Subsea. It is a shipowner and project house with a focus on developing profitable and sustainable maritime projects. The company operates in Norway, Germany, Africa, Great Britain, the USA, and other European countries, the majority is derived from Other European countries.

GC Rieber Shipping ASA (OSL:RISH) Headlines

No Headlines

GC Rieber Shipping ASA (OSL:RISH) Cash-to-Debt : No Debt (1) (As of Sep. 2023)