Ashdod Refinery (XTAE:ARF) Cash-to-Debt : 0.93 (As of Dec. 2023)

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What is Ashdod Refinery 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. Ashdod Refinery's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.93.

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, Ashdod Refinery 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 Ashdod Refinery's Cash-to-Debt or its related term are showing as below:

XTAE:ARF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.93 Max: 1.5
Current: 0.93

During the past 4 years, Ashdod Refinery's highest Cash to Debt Ratio was 1.50. The lowest was 0.13. And the median was 0.93.

XTAE:ARF's Cash-to-Debt is ranked better than
59.41% of 1020 companies
in the Oil & Gas industry
Industry Median: 0.5 vs XTAE:ARF: 0.93

Ashdod Refinery Cash-to-Debt Historical Data

The historical data trend for Ashdod Refinery'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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Ashdod Refinery Cash-to-Debt Chart

Ashdod Refinery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

1.50

0.13

0.93

Ashdod Refinery Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.13	N/A	0.35	0.92	0.93

Competitive Comparison of Ashdod Refinery's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Ashdod Refinery'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.

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

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

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

Ashdod Refinery 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.

Ashdod Refinery'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)
	=	823.33	/	(109.777	+	779.419)
	=	0.93

Ashdod Refinery'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)
	=	823.33	/	(109.777	+	779.419)
	=	0.93

Ashdod Refinery (XTAE:ARF) 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.

Ashdod Refinery Cash-to-Debt Related Terms

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

Ashdod Refinery (XTAE:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashdod Refinery Ltd (XTAE:ARF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hanet 1, Ashdod, ISR, 7752169

Website

https://www.paz.co.il

Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

Ashdod Refinery (XTAE:ARF) Headlines

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