Dragon Oil (LSE:DGO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2015)

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What is Dragon Oil 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. Dragon Oil's cash to debt ratio for the quarter that ended in Jun. 2015 was No Debt ⁽¹⁾.

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, Dragon Oil could pay off its debt using the cash in hand for the quarter that ended in Jun. 2015.

(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 Dragon Oil's Cash-to-Debt or its related term are showing as below:

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

During the past 13 years, Dragon Oil's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:DGO's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.47 vs LSE:DGO: No Debt

Dragon Oil Cash-to-Debt Historical Data

The historical data trend for Dragon Oil'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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Dragon Oil Cash-to-Debt Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cash-to-Debt

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No Debt

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Dragon Oil's Cash-to-Debt

For the Oil & Gas E&P subindustry, Dragon Oil'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.

Dragon Oil's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Dragon Oil 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.

Dragon Oil's Cash to Debt Ratio for the fiscal year that ended in Dec. 2014 is calculated as:

Dragon Oil had no debt ⁽¹⁾.

Dragon Oil's Cash to Debt Ratio for the quarter that ended in Jun. 2015 is calculated as:

Dragon Oil had no debt ⁽¹⁾.

Dragon Oil (LSE:DGO) 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.

Dragon Oil Cash-to-Debt Related Terms

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

Dragon Oil (LSE:DGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dragon Oil PLC (LSE:DGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.

Dragon Oil (LSE:DGO) Headlines

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Dragon Oil (LSE:DGO) Cash-to-Debt : No Debt (1) (As of Jun. 2015)