VAALCO Energy (VAALCO Energy) Cash-to-Debt

: 1.33 (As of Dec. 2023)

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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. VAALCO Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.33.

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, VAALCO Energy could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EGY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 1.91 Max: No Debt
Current: 1.33

During the past 13 years, VAALCO Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.42. And the median was 1.91.

EGY's Cash-to-Debt is ranked better than
63.7% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.5 vs EGY: 1.33

VAALCO Energy Cash-to-Debt Historical Data

The historical data trend for VAALCO Energy'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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VAALCO Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.38

2.12

4.76

0.42

1.33

VAALCO Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.42	0.58	0.52	1.16	1.33

Competitive Comparison

For the Oil & Gas E&P subindustry, VAALCO Energy'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.

VAALCO Energy Cash-to-Debt Distribution

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

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

VAALCO Energy 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.

VAALCO Energy'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)
	=	121.001	/	(12.475	+	78.326)
	=	1.33

VAALCO Energy'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)
	=	121.001	/	(12.475	+	78.326)
	=	1.33

VAALCO Energy (NYSE:EGY) 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.

VAALCO Energy Cash-to-Debt Related Terms

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VAALCO Energy (VAALCO Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » VAALCO Energy Inc (NYSE:EGY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EGY:UK VAW:Germany VAW:Germany

Address

9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042

Website

https://www.vaalco.com

VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.

Executives

Andrew Lawrence Fawthrop	director	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m.	director, officer: Chief Executive Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain	officer: Chief Financial Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs	director	522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl	officer: Chief Operating Officer	9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers	officer: EVP, Gen. Counsel & Corp. Sect	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff	10 percent owner, other: See Explanation of Responses	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik	officer: CAO & Controller	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels	officer: Vice President	9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds	officer: Chief Operating Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042