Gulf Marine Services (LSE:GMS) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Gulf Marine 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. Gulf Marine Services's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, Gulf Marine Services couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:GMS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.18
Current: 0.03

During the past 13 years, Gulf Marine Services's highest Cash to Debt Ratio was 0.18. The lowest was 0.01. And the median was 0.03.

LSE:GMS's Cash-to-Debt is ranked worse than
91.36% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.49 vs LSE:GMS: 0.03

Gulf Marine Services Cash-to-Debt Historical Data

The historical data trend for Gulf Marine 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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Gulf Marine Services Cash-to-Debt Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.01

0.02

0.04

0.03

Gulf Marine 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															0.02	0.03	0.04	0.02	0.03

Competitive Comparison of Gulf Marine Services's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Gulf Marine 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.

Gulf Marine Services's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gulf Marine Services's Cash-to-Debt falls into.

Gulf Marine 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.

Gulf Marine 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)
	=	6.846	/	(34.067	+	186.576)
	=	0.03

Gulf Marine 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)
	=	6.846	/	(34.067	+	186.576)
	=	0.03

Gulf Marine Services (LSE:GMS) 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.

Gulf Marine Services Cash-to-Debt Related Terms

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

Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.