Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Cash-to-Debt : 0.35 (As of Sep. 2024)

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What is Motor Oil (Hellas) Corinth Refineries 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. Motor Oil (Hellas) Corinth Refineries's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.35.

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, Motor Oil (Hellas) Corinth Refineries couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Motor Oil (Hellas) Corinth Refineries's Cash-to-Debt or its related term are showing as below:

ATH:MOH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.47 Max: 0.82
Current: 0.35

During the past 13 years, Motor Oil (Hellas) Corinth Refineries's highest Cash to Debt Ratio was 0.82. The lowest was 0.20. And the median was 0.47.

ATH:MOH's Cash-to-Debt is ranked worse than
57.01% of 984 companies
in the Oil & Gas industry
Industry Median: 0.545 vs ATH:MOH: 0.35

Motor Oil (Hellas) Corinth Refineries Cash-to-Debt Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries Cash-to-Debt Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.66

0.39

0.31

0.41

0.47

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.56	0.47	0.31	0.45	0.35

Competitive Comparison of Motor Oil (Hellas) Corinth Refineries's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.

Motor Oil (Hellas) Corinth Refineries's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's Cash-to-Debt falls into.

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Motor Oil (Hellas) Corinth Refineries 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.

Motor Oil (Hellas) Corinth Refineries'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)
	=	1322.256	/	(217.303	+	2622.461)
	=	0.47

Motor Oil (Hellas) Corinth Refineries's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	993.135	/	(248.867	+	2580.65)
	=	0.35

Motor Oil (Hellas) Corinth Refineries (ATH:MOH) 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.

Motor Oil (Hellas) Corinth Refineries Cash-to-Debt Related Terms

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Motor Oil (Hellas) Corinth Refineries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (ATH:MOH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MOHCY:USA 0MQT:UK MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery with its ancillary plants and fuel distribution facilities forms the privately-owned industrial complex in Greece and its considered one of the modern refineries in Europe. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas and Other. Its derives maximum revenue from Refining Activity.