Deep Value Driller AS (OSL:DVD) Cash-to-Debt : 0.11 (As of Mar. 2024)

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What is Deep Value Driller AS 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. Deep Value Driller AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.11.

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, Deep Value Driller AS couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Deep Value Driller AS's Cash-to-Debt or its related term are showing as below:

OSL:DVD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.84 Max: 65.76
Current: 0.11

During the past 3 years, Deep Value Driller AS's highest Cash to Debt Ratio was 65.76. The lowest was 0.02. And the median was 0.84.

OSL:DVD's Cash-to-Debt is ranked worse than
80.41% of 1021 companies
in the Oil & Gas industry
Industry Median: 0.48 vs OSL:DVD: 0.11

Deep Value Driller AS Cash-to-Debt Historical Data

The historical data trend for Deep Value Driller AS'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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Deep Value Driller AS Cash-to-Debt Chart

Deep Value Driller AS Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

16.50

0.02

0.15

Deep Value Driller AS Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								0.81	0.42	0.16	0.15	0.11

Competitive Comparison of Deep Value Driller AS's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Deep Value Driller AS'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.

Deep Value Driller AS's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Deep Value Driller AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Deep Value Driller AS's Cash-to-Debt falls into.

Deep Value Driller AS 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.

Deep Value Driller AS'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)
	=	125.865	/	(79.12	+	791.205)
	=	0.14

Deep Value Driller AS's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	86.298	/	(0	+	795.907)
	=	0.11

Deep Value Driller AS (OSL:DVD) 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.

Deep Value Driller AS Cash-to-Debt Related Terms

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Deep Value Driller AS (OSL:DVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Deep Value Driller AS (OSL:DVD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9YG:Germany

Address

Munkedamsveien 45F, 8th Floor, Oslo, NOR, 0250

Website

https://www.deepvaluedriller.no/

Deep Value Driller AS is a drillship-owning company that has acquired the high-specification UDW 7th generation drillship Deep Value Driller. The activities of the company are contracting, managing, and owning drilling rigs.