Nabors Energy Transition (Nabors Energy Transition) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Nabors Energy Transition 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's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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 couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NETC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 25.49 Max: No Debt
Current: 0.02

During the past 2 years, Nabors Energy Transition's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 25.49.

NETC's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.775 vs NETC: 0.02

Nabors Energy Transition Cash-to-Debt Historical Data

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

Nabors Energy Transition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

4.19

46.80

Nabors Energy Transition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	46.80	0.12	0.21	0.02

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

For the Shell Companies subindustry, Nabors Energy Transition'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's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Nabors Energy Transition 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'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)
	=	0.468	/	(0.01	+	0)
	=	46.80

Nabors Energy Transition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.083	/	(4.238	+	0)
	=	0.02

Nabors Energy Transition (NYSE:NETC) 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 Cash-to-Debt Related Terms

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Nabors Energy Transition (Nabors Energy Transition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nabors Energy Transition Corp (NYSE:NETC) » Definitions » Cash-to-Debt

Comparable Companies

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 is a blank check company.

Executives

John Yearwood	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
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
Jennifer Gill Roberts	director	C/O SEVIN ROSEN FUNDS, 13455 NOEL ROAD, SUITE 1670, DALLAS TX 75240
Calhoun Colleen	director	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Siggi Meissner	officer: President, Eng. & Tech.	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Nabors Energy Transition Sponsor Llc	10 percent owner	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Greens Road Energy Llc	10 percent owner	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