Blue Energy (ASX:BLU) Cash-to-Debt : 0.84 (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Blue Energy 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. Blue Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.84.

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

ASX:BLU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: No Debt Max: No Debt
Current: 0.84

During the past 13 years, Blue Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.84. And the median was No Debt.

ASX:BLU's Cash-to-Debt is ranked better than
58.71% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.48 vs ASX:BLU: 0.84

Blue Energy Cash-to-Debt Historical Data

The historical data trend for Blue 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.

* Premium members only.

Blue Energy Cash-to-Debt Chart

Blue Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

123.03

17.61

93.90

85.71

Blue Energy 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															108.81	93.90	126.63	85.71	0.84

Competitive Comparison of Blue Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, Blue 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.

Blue Energy's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Blue 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.

Blue Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	2.4	/	(0.023	+	0.005)
	=	85.71

Blue 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)
	=	1.716	/	(2.046	+	0)
	=	0.84

Blue Energy (ASX:BLU) 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.

Blue Energy Cash-to-Debt Related Terms

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

Blue Energy (ASX:BLU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Energy Ltd (ASX:BLU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BUENF:USA

Address

26 Wharf Street, Level 10, Brisbane, QLD, AUS, 4000

Website

https://www.blueenergy.com.au

Blue Energy Ltd is an energy company. It undertakes the exploration, evaluation, and development of conventional and unconventional oil and gas resources. The company's only reportable segment being the exploration for gas and petroleum resources. Geographically, it operates only in Australia. Its projects are Bowen Basin; Carpentaria Basin; Galilee Basin and Others.