C3is (CISS) Cash-to-Debt : 434.10 (As of Dec. 2024)

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What is C3is 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. C3is's cash to debt ratio for the quarter that ended in Dec. 2024 was 434.10.

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, C3is could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for C3is's Cash-to-Debt or its related term are showing as below:

CISS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 434.1 Max: No Debt
Current: 434.1

During the past 4 years, C3is's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 434.10.

CISS's Cash-to-Debt is ranked better than
95.18% of 976 companies
in the Transportation industry
Industry Median: 0.475 vs CISS: 434.10

C3is Cash-to-Debt Historical Data

The historical data trend for C3is'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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C3is Cash-to-Debt Chart

C3is Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

N/A

No Debt

434.10

C3is Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	758.62	182.18	434.10

Competitive Comparison of C3is's Cash-to-Debt

For the Marine Shipping subindustry, C3is'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.

C3is's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, C3is's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where C3is's Cash-to-Debt falls into.

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C3is 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.

C3is's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	12.589	/	(0.029	+	0)
	=	434.10

C3is's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	12.589	/	(0.029	+	0)
	=	434.10

C3is (NAS:CISS) 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.

C3is Cash-to-Debt Related Terms

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C3is Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » C3is Inc (NAS:CISS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.c3is.pro

C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including major national and private industrial users, commodity producers and traders. The company owns and operates a fleet of two dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The total cargo-carrying capacity of our fleet is approximately 64,000 dwt.