Titas Gas Transmission and Distribution (DHA:TITASGAS) Cash-to-Debt : 5.77 (As of Dec. 2024)

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What is Titas Gas Transmission and Distribution 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. Titas Gas Transmission and Distribution's cash to debt ratio for the quarter that ended in Dec. 2024 was 5.77.

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, Titas Gas Transmission and Distribution 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 Titas Gas Transmission and Distribution's Cash-to-Debt or its related term are showing as below:

DHA:TITASGAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.04 Med: 6.25 Max: 25.27
Current: 5.77

During the past 13 years, Titas Gas Transmission and Distribution's highest Cash to Debt Ratio was 25.27. The lowest was 2.04. And the median was 6.25.

DHA:TITASGAS's Cash-to-Debt is ranked better than
85.71% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs DHA:TITASGAS: 5.77

Titas Gas Transmission and Distribution Cash-to-Debt Historical Data

The historical data trend for Titas Gas Transmission and Distribution'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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Titas Gas Transmission and Distribution Cash-to-Debt Chart

Titas Gas Transmission and Distribution Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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6.65

6.78

3.45

5.38

4.59

Titas Gas Transmission and Distribution Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															5.76	5.04	4.59	6.32	5.77

Competitive Comparison of Titas Gas Transmission and Distribution's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission and Distribution'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.

Titas Gas Transmission and Distribution's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission and Distribution's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission and Distribution's Cash-to-Debt falls into.

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Titas Gas Transmission and Distribution 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.

Titas Gas Transmission and Distribution's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	23414.032	/	(306.638	+	4790.458)
	=	4.59

Titas Gas Transmission and Distribution'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)
	=	28534.222	/	(153.235	+	4790.458)
	=	5.77

Titas Gas Transmission and Distribution (DHA:TITASGAS) 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.

Titas Gas Transmission and Distribution Cash-to-Debt Related Terms

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

Titas Gas Transmission and Distribution Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Titas Gas Transmission and Distribution PLC (DHA:TITASGAS) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

105, Kazi Nazrul Islam Avenue, 2nd Floor, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215

Website

https://www.titasgas.gov.bd

Titas Gas Transmission and Distribution PLC is principally engaged in the business of natural gas distribution. It operates through the segments that are distributed the same to the consumers in power, fertilizer, industrial, captive power, Feed Gas for CNG, Domestic Metered, Domestic Non-Domestic, and commercial.

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