Emerald Oil Industries (DHA:EMERALDOIL) Cash-to-Debt : 0.01 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Emerald Oil Industries 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. Emerald Oil Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Emerald Oil Industries 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 Emerald Oil Industries's Cash-to-Debt or its related term are showing as below:

DHA:EMERALDOIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.08
Current: 0.01

During the past 11 years, Emerald Oil Industries's highest Cash to Debt Ratio was 0.08. The lowest was 0.01. And the median was 0.02.

DHA:EMERALDOIL's Cash-to-Debt is ranked worse than
96.48% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs DHA:EMERALDOIL: 0.01

Emerald Oil Industries Cash-to-Debt Historical Data

The historical data trend for Emerald Oil Industries'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.

Emerald Oil Industries Cash-to-Debt Chart

Emerald Oil Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.05

Emerald Oil Industries Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Jun18	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.05	0.01	0.01

Competitive Comparison of Emerald Oil Industries's Cash-to-Debt

For the Packaged Foods subindustry, Emerald Oil Industries'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.

Emerald Oil Industries's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emerald Oil Industries's Cash-to-Debt distribution charts can be found below:

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

Emerald Oil Industries 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.

Emerald Oil Industries'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)
	=	63.943	/	(6.569	+	1304.465)
	=	0.05

Emerald Oil Industries'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)
	=	15.032	/	(5.19	+	1304.465)
	=	0.01

Emerald Oil Industries (DHA:EMERALDOIL) 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.

Emerald Oil Industries Cash-to-Debt Related Terms

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

Emerald Oil Industries (DHA:EMERALDOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Emerald Oil Industries Ltd (DHA:EMERALDOIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Halimunnesa's Court (Floor-9), 23, Kakrail, Dhaka, BGD, 1000

Website

http://www.spondonoil.com

Emerald Oil Industries Ltd engages in producing of rice bran oil by processing rice bran collected from local auto rice mills. The company markets its product in its own brand name Spondon Rice Bran Oil. The company offers rice bran oil for use in preparing fried foods, snacks, margarine, salad dressings, baking goods, soaps, and skin creams. The firm also produces various by-products, including De-Oil Rice Bran, Fatty Acid, Wax, Gum and Spent Earth.

Emerald Oil Industries (DHA:EMERALDOIL) Headlines

No Headlines