Oil & Gas Development Co (LSE:OGDC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Oil & Gas Development Co 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. Oil & Gas Development Co's cash to debt ratio for the quarter that ended in Sep. 2024 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, Oil & Gas Development Co could 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 Oil & Gas Development Co's Cash-to-Debt or its related term are showing as below:

LSE:OGDC' 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, Oil & Gas Development Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:OGDC's Cash-to-Debt is ranked better than
99.8% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs LSE:OGDC: No Debt

Oil & Gas Development Co Cash-to-Debt Historical Data

The historical data trend for Oil & Gas Development Co'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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Oil & Gas Development Co Cash-to-Debt Chart

Oil & Gas Development Co Annual Data

Trend

Jun15

Jun16

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Jun18

Jun19

Jun20

Jun21

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Jun24

Cash-to-Debt

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No Debt

Oil & Gas Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Oil & Gas Development Co's Cash-to-Debt

For the Oil & Gas E&P subindustry, Oil & Gas Development Co'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.

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

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

* The bar in red indicates where Oil & Gas Development Co's Cash-to-Debt falls into.

Oil & Gas Development Co 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.

Oil & Gas Development Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Oil & Gas Development Co had no debt ⁽¹⁾.

Oil & Gas Development Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Oil & Gas Development Co had no debt ⁽¹⁾.

Oil & Gas Development Co (LSE:OGDC) 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.

Oil & Gas Development Co Cash-to-Debt Related Terms

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Oil & Gas Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil & Gas Development Co Ltd (LSE:OGDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OGDC:Pakistan

Address

Plot No. 3, Jinnah Avenue, OGDCL House, F-6/G-6, Blue Area, Islamabad, PAK

Website

https://www.ogdcl.com

Oil & Gas Development Co Ltd is a multinational oil and gas company. The company is engaged in the exploration, development, production, and sale of oil and gas. It produces crude oil, gas, liquefied petroleum gas, sulphur, and white petroleum products. The company's development projects include Kunnar Pasahki Deep-Tando Allah Yar, Sinjhoro, Uch-II, Jhal Magsi, Nashpa-Mela and Suleiman development project.

Oil & Gas Development Co Headlines

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Oil & Gas Development Co (LSE:OGDC) Cash-to-Debt : No Debt (1) (As of Sep. 2024)