Parkmead Group (The) (LSE:PMG) Cash-to-Debt : 12.82 (As of Dec. 2023)

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What is Parkmead Group (The) 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. Parkmead Group (The)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 12.82.

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, Parkmead Group (The) could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Parkmead Group (The)'s Cash-to-Debt or its related term are showing as below:

LSE:PMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.18 Med: 34.72 Max: No Debt
Current: 12.82

During the past 13 years, Parkmead Group (The)'s highest Cash to Debt Ratio was No Debt. The lowest was 4.18. And the median was 34.72.

LSE:PMG's Cash-to-Debt is ranked better than
78.49% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.47 vs LSE:PMG: 12.82

Parkmead Group (The) Cash-to-Debt Historical Data

The historical data trend for Parkmead Group (The)'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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Parkmead Group (The) Cash-to-Debt Chart

Parkmead Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

4.18

13.50

10.04

7.15

Parkmead Group (The) 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															48.26	10.04	21.19	7.15	12.82

Competitive Comparison of Parkmead Group (The)'s Cash-to-Debt

For the Oil & Gas E&P subindustry, Parkmead Group (The)'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.

Parkmead Group (The)'s Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parkmead Group (The)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Parkmead Group (The)'s Cash-to-Debt falls into.

Parkmead Group (The) 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.

Parkmead Group (The)'s Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	10.415	/	(0.209	+	1.248)
	=	7.15

Parkmead Group (The)'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)
	=	9.204	/	(0	+	0.718)
	=	12.82

Parkmead Group (The) (LSE:PMG) 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.

Parkmead Group (The) Cash-to-Debt Related Terms

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

Parkmead Group (The) (LSE:PMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkmead Group (The) PLC (LSE:PMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PMG.GB:UK

Address

4 Queen’s Terrace, Aberdeen, GBR, AB10 1XL

Website

https://www.parkmeadgroup.com

Parkmead Group (The) PLC is a UK-based independent oil and gas, exploration and production company. It produces natural gas from a portfolio of fields across the Netherlands. The firm has three segments namely Oil and gas exploration and production which invests in oil and gas exploration and production assets; the Energy economics segment that provides energy sector economics, valuation and benchmarking, advising on energy policies and fiscal matters, among others and the Renewables segment involves mixed farming activities as well as renewable energy opportunities. It generates a majority of its revenue from the oil and gas exploration and production segment.

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