Independent Petroleum Group KSCP (KUW:IPG) Cash-to-Debt : 0.61 (As of Jun. 2024)

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What is Independent Petroleum Group KSCP 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. Independent Petroleum Group KSCP's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.61.

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, Independent Petroleum Group KSCP couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Independent Petroleum Group KSCP's Cash-to-Debt or its related term are showing as below:

KUW:IPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.63 Max: 0.89
Current: 0.61

During the past 13 years, Independent Petroleum Group KSCP's highest Cash to Debt Ratio was 0.89. The lowest was 0.25. And the median was 0.63.

KUW:IPG's Cash-to-Debt is ranked better than
53.63% of 992 companies
in the Oil & Gas industry
Industry Median: 0.5 vs KUW:IPG: 0.61

Independent Petroleum Group KSCP Cash-to-Debt Historical Data

The historical data trend for Independent Petroleum Group KSCP'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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Independent Petroleum Group KSCP Cash-to-Debt Chart

Independent Petroleum Group KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.66

0.71

0.72

0.69

0.62

Independent Petroleum Group KSCP Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.36	0.35	0.62	0.53	0.61

Competitive Comparison of Independent Petroleum Group KSCP's Cash-to-Debt

For the Oil & Gas Integrated subindustry, Independent Petroleum Group KSCP'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.

Independent Petroleum Group KSCP's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Independent Petroleum Group KSCP's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Independent Petroleum Group KSCP's Cash-to-Debt falls into.

Independent Petroleum Group KSCP 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.

Independent Petroleum Group KSCP'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)
	=	147.847	/	(209.328	+	27.843)
	=	0.62

Independent Petroleum Group KSCP's Cash to Debt Ratio for the quarter 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)
	=	178.247	/	(263.039	+	27.936)
	=	0.61

Independent Petroleum Group KSCP (KUW:IPG) 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.

Independent Petroleum Group KSCP Cash-to-Debt Related Terms

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Independent Petroleum Group KSCP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101

Website

https://ipg.com.kw

Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.