DOF ASA (DOF ASA) Cash-to-Debt : 0.11 (As of Jun. 2023)

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What is DOF ASA 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. DOF ASA's cash to debt ratio for the quarter that ended in Jun. 2023 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, DOF ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

DFASF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.13
Current: 0.11

During the past 13 years, DOF ASA's highest Cash to Debt Ratio was 0.13. The lowest was 0.04. And the median was 0.08.

DFASF's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs DFASF: 0.11

DOF ASA Cash-to-Debt Historical Data

The historical data trend for DOF ASA'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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DOF ASA Cash-to-Debt Chart

DOF ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.09

0.06

0.09

0.08

0.13

DOF ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.09	0.13	0.12	0.11

Competitive Comparison of DOF ASA's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, DOF ASA'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.

DOF ASA's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

DOF ASA 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.

DOF ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	264.775	/	(1969.211	+	27.733)
	=	0.13

DOF ASA's Cash to Debt Ratio for the quarter 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)
	=	155.237	/	(90.864	+	1369.345)
	=	0.11

DOF ASA (OTCPK:DFASF) 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.

DOF ASA Cash-to-Debt Related Terms

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

DOF ASA (DOF ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DOF ASA (OTCPK:DFASF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alfabygget, Storebo, Austevoll, NOR, 5392

Website

https://www.dof.com

DOF ASA is active in the oil and gas markets. The company consists of team of skilled professionals who, combined with a fleet of state-of-the-art, purpose-built vessels, provide services to the Oil and Gas industry across the entire offshore life cycle. Its core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention, and diving operations. It operates in three segments: Platform Supply Vessels (PSV), Anchor Handling Tug Supply vessels (AHTS), and Subsea (Subsea vessel and subsea engineering). The Subsea segment derives the majority of its revenue. Its geographical segments are Brazil, the United Kingdom, Norway, Australia, Canada, Singapore, the United States, the Philippines, Argentina, Angola, and others.

DOF ASA (DOF ASA) Headlines

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