ICON (Icon Energy) Cash-to-Debt : 0.11 (As of Sep. 2024)

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What is Icon Energy 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. Icon Energy's cash to debt ratio for the quarter that ended in Sep. 2024 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, Icon Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

ICON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: No Debt Max: No Debt
Current: 0.11

During the past 3 years, Icon Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was No Debt.

ICON's Cash-to-Debt is ranked worse than
83.2% of 976 companies
in the Transportation industry
Industry Median: 0.475 vs ICON: 0.11

Icon Energy Cash-to-Debt Historical Data

The historical data trend for Icon Energy'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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Icon Energy Cash-to-Debt Chart

Icon Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Icon Energy Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	0.11

Competitive Comparison of Icon Energy's Cash-to-Debt

For the Marine Shipping subindustry, Icon Energy'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.

Icon Energy's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Icon Energy's Cash-to-Debt distribution charts can be found below:

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

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Icon Energy 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.

Icon Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Icon Energy had no debt ⁽¹⁾.

Icon Energy's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.823	/	(0	+	16.206)
	=	0.11

Icon Energy (NAS:ICON) 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.

Icon Energy Cash-to-Debt Related Terms

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Icon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564

Website

https://www.icon-nrg.com

Icon Energy Corp is a Growth-oriented company that operates as a holding company for the purpose of acquiring, owning, chartering and operating dry bulk vessels through its subsidiaries. The company generates its revenues by chartering the Initial Vessels to regional and international dry bulk operators, commodity traders and end users.