Jutal Offshore Oil Services (HKSE:03303) Cash-to-Debt : 2.44 (As of Dec. 2023)

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What is Jutal Offshore Oil Services 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. Jutal Offshore Oil Services's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.44.

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, Jutal Offshore Oil Services could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:03303' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 1.18 Max: 2.44
Current: 2.44

During the past 13 years, Jutal Offshore Oil Services's highest Cash to Debt Ratio was 2.44. The lowest was 0.41. And the median was 1.18.

HKSE:03303's Cash-to-Debt is ranked better than
70.28% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.47 vs HKSE:03303: 2.44

Jutal Offshore Oil Services Cash-to-Debt Historical Data

The historical data trend for Jutal Offshore Oil Services'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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Jutal Offshore Oil Services Cash-to-Debt Chart

Jutal Offshore Oil Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.10

2.07

1.24

1.35

2.44

Jutal Offshore Oil Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.24	0.98	1.35	1.73	2.44

Competitive Comparison of Jutal Offshore Oil Services's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Jutal Offshore Oil Services'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.

Jutal Offshore Oil Services's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Jutal Offshore Oil Services's Cash-to-Debt falls into.

Jutal Offshore Oil Services 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.

Jutal Offshore Oil Services's Cash to Debt Ratio for the fiscal year 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)
	=	887.055	/	(97.469	+	266.896)
	=	2.43

Jutal Offshore Oil Services'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)
	=	887.055	/	(97.469	+	266.896)
	=	2.43

Jutal Offshore Oil Services (HKSE:03303) 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.

Jutal Offshore Oil Services Cash-to-Debt Related Terms

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

Jutal Offshore Oil Services (HKSE:03303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jutal Offshore Oil Services Ltd (HKSE:03303) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JUTOF:USA I8O:Germany

Address

10th Floor, Chiwan Petroleum Building, Shekou, Nanshan District, Shenzhen, CHN, 518068

Website

https://www.jutal.com

Jutal Offshore Oil Services Ltd is an investment holding company. The company's operating segments include Fabrication of facilities and provision of integrated services for oil and gas industries, Fabrication of facilities and provision of integrated services for new energy and refining and chemical industries, and Others. It generates maximum revenue from the Fabrication of facilities and provision of integrated services for oil and gas industries segment. Geographically, it derives a majority of revenue from the United States and also has an international presence.

Executives

Wang Lishan	2101 Beneficial owner
Cheung Hing Investments Limited	2101 Beneficial owner
Hong Man Chu	2202 Interest of your spouse
Lo Chun Yim	2201 Interest of corporation controlled by you
San Ju Huan Bao Xiang Gang You Xian Gong Si	2101 Beneficial owner
Bei Jing Hai Xin Neng Yuan Ke Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Hua Xin Xiang Gang Ke Ji You Xian Gong Si	2101 Beneficial owner
Capital Pilot Limited	2106 Person having a security interest in shares
Wealthking Investments Limited	2201 Interest of corporation controlled by you
Wk Quantum Holdings Limited	2101 Beneficial owner
Shiu Shu Ming	2201 Interest of corporation controlled by you
Sanju Environmental Protection (hong Kong) Limited
Bei Jing San Ju Huan Bao Xin Cai Liao Gu Fen You Xian Gong Si
Golden Talent (hk) Technology Co.,limited	2101 Beneficial owner

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