Europa Oil & Gas (Holdings) (FRA:EGN) Cash-to-Debt : 124.00 (As of Jul. 2024)

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What is Europa Oil & Gas (Holdings) 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. Europa Oil & Gas (Holdings)'s cash to debt ratio for the quarter that ended in Jul. 2024 was 124.00.

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, Europa Oil & Gas (Holdings) could pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

The historical rank and industry rank for Europa Oil & Gas (Holdings)'s Cash-to-Debt or its related term are showing as below:

FRA:EGN' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.97 Med: 178.35 Max: No Debt
Current: 121.92

During the past 13 years, Europa Oil & Gas (Holdings)'s highest Cash to Debt Ratio was No Debt. The lowest was 6.97. And the median was 178.35.

FRA:EGN's Cash-to-Debt is ranked better than
86.34% of 988 companies
in the Oil & Gas industry
Industry Median: 0.52 vs FRA:EGN: 121.92

Europa Oil & Gas (Holdings) Cash-to-Debt Historical Data

The historical data trend for Europa Oil & Gas (Holdings)'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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Europa Oil & Gas (Holdings) Cash-to-Debt Chart

Europa Oil & Gas (Holdings) Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash-to-Debt

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10.09

6.94

26.95

231.42

124.00

Europa Oil & Gas (Holdings) Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															26.95	No Debt	231.42	185.88	124.00

Competitive Comparison of Europa Oil & Gas (Holdings)'s Cash-to-Debt

For the Oil & Gas E&P subindustry, Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings)'s Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Europa Oil & Gas (Holdings)'s Cash-to-Debt falls into.

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Europa Oil & Gas (Holdings) 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.

Europa Oil & Gas (Holdings)'s Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	1.736	/	(0.007	+	0.007)
	=	124.00

Europa Oil & Gas (Holdings)'s Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	1.736	/	(0.007	+	0.007)
	=	124.00

Europa Oil & Gas (Holdings) (FRA:EGN) 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.

Europa Oil & Gas (Holdings) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Europa Oil & Gas (Holdings)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Europa Oil & Gas (Holdings) Business Description

Industry

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EOG:UK

Address

54 Charlotte Street, London, GBR, W1T 2NS

Website

https://www.europaoil.com

Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It is focused on developing a balanced portfolio of assets in the North Sea, Atlantic Ireland, and West Africa, supported by revenue from onshore oil production in the United Kingdom. The company holds interests in the Broughton North prospect, West Firsby and Crosby Warren fields, Wressle-1 well, and Whisby W4 well. In the Irish Atlantic region, it considers the Inishkea prospect in the Slyne basin and near the Corrib gasfield as its flagship project in Ireland. The company has also acquired interest in the Block EG-08 offshore in the Douala Basin of Equatorial Guinea. Its reportable segments are the United Kingdom which derives key revenue, Ireland, and West Africa.