Sino Oil and Gas Holdings (HKSE:00702) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Sino Oil and Gas Holdings 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. Sino Oil and Gas Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Sino Oil and Gas Holdings 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 Sino Oil and Gas Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:00702' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.22
Current: 0.04

During the past 13 years, Sino Oil and Gas Holdings's highest Cash to Debt Ratio was 0.22. The lowest was 0.01. And the median was 0.07.

HKSE:00702's Cash-to-Debt is ranked worse than
93.82% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs HKSE:00702: 0.04

Sino Oil and Gas Holdings Cash-to-Debt Historical Data

The historical data trend for Sino Oil and Gas Holdings'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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Sino Oil and Gas Holdings Cash-to-Debt Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.07

0.01

0.04

Sino Oil and Gas Holdings 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															0.01	0.03	0.04	0.03	0.04

Competitive Comparison of Sino Oil and Gas Holdings's Cash-to-Debt

For the Thermal Coal subindustry, Sino Oil and Gas Holdings'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.

Sino Oil and Gas Holdings's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Sino Oil and Gas Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sino Oil and Gas Holdings's Cash-to-Debt falls into.

Sino Oil and Gas Holdings 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.

Sino Oil and Gas Holdings'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)
	=	81.444	/	(1796.616	+	367.902)
	=	0.04

Sino Oil and Gas Holdings'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)
	=	81.444	/	(1796.616	+	367.902)
	=	0.04

Sino Oil and Gas Holdings (HKSE:00702) 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.

Sino Oil and Gas Holdings Cash-to-Debt Related Terms

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

Sino Oil and Gas Holdings (HKSE:00702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Sino Oil and Gas Holdings (HKSE:00702) Headlines

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