PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) Cash-to-Debt : 6.30 (As of Sep. 2023)

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What is PT Atlantis Subsea Indonesia Tbk 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. PT Atlantis Subsea Indonesia Tbk's cash to debt ratio for the quarter that ended in Sep. 2023 was 6.30.

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, PT Atlantis Subsea Indonesia Tbk could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for PT Atlantis Subsea Indonesia Tbk's Cash-to-Debt or its related term are showing as below:

ISX:ATLA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 2.19 Max: 6.3
Current: 6.3

During the past 3 years, PT Atlantis Subsea Indonesia Tbk's highest Cash to Debt Ratio was 6.30. The lowest was 0.40. And the median was 2.19.

ISX:ATLA's Cash-to-Debt is ranked better than
76.32% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.465 vs ISX:ATLA: 6.30

PT Atlantis Subsea Indonesia Tbk Cash-to-Debt Historical Data

The historical data trend for PT Atlantis Subsea Indonesia Tbk'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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PT Atlantis Subsea Indonesia Tbk Cash-to-Debt Chart

PT Atlantis Subsea Indonesia Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

0.40

2.18

2.20

PT Atlantis Subsea Indonesia Tbk Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Cash-to-Debt	0.40	2.18	N/A	2.20	6.30

Competitive Comparison of PT Atlantis Subsea Indonesia Tbk's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, PT Atlantis Subsea Indonesia Tbk'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.

PT Atlantis Subsea Indonesia Tbk's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Atlantis Subsea Indonesia Tbk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PT Atlantis Subsea Indonesia Tbk's Cash-to-Debt falls into.

PT Atlantis Subsea Indonesia Tbk 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.

PT Atlantis Subsea Indonesia Tbk's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	7287.513	/	(1424.469	+	1894.91)
	=	2.20

PT Atlantis Subsea Indonesia Tbk's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	4944.201	/	(313.833	+	470.75)
	=	6.30

PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) 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.

PT Atlantis Subsea Indonesia Tbk Cash-to-Debt Related Terms

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PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Tebet Barat Dalam Raya No. 6, South Jakarta, IDN, 12810

Website

https://atlantissubsea.com

PT Atlantis Subsea Indonesia Tbk provides specialist multi-disciplinary survey support, and provides solutions for the Oil and Gas, Energy & Renewable Energy and Marine Infrastructure sectors. It provides safe, high quality and integrated innovative services and technology engaged in surveys and services for energy companies.

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