Seascape Energy Asia (LSE:SEA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Seascape Energy Asia 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. Seascape Energy Asia's cash to debt ratio for the quarter that ended in Jun. 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, Seascape Energy Asia could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Seascape Energy Asia's Cash-to-Debt or its related term are showing as below:

LSE:SEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: No Debt Max: No Debt
Current: No Debt

During the past 5 years, Seascape Energy Asia's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was No Debt.

LSE:SEA's Cash-to-Debt is ranked better than
99.8% of 984 companies
in the Oil & Gas industry
Industry Median: 0.545 vs LSE:SEA: No Debt

Seascape Energy Asia Cash-to-Debt Historical Data

The historical data trend for Seascape Energy Asia'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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Seascape Energy Asia Cash-to-Debt Chart

Seascape Energy Asia Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

45.08

0.32

No Debt

Seascape Energy Asia Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial						1.42	0.32	No Debt	No Debt	No Debt

Competitive Comparison of Seascape Energy Asia's Cash-to-Debt

For the Oil & Gas E&P subindustry, Seascape Energy Asia'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.

Seascape Energy Asia's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Seascape Energy Asia's Cash-to-Debt falls into.

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Seascape Energy Asia 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.

Seascape Energy Asia's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Seascape Energy Asia had no debt ⁽¹⁾.

Seascape Energy Asia's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Seascape Energy Asia had no debt ⁽¹⁾.

Seascape Energy Asia (LSE:SEA) 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.

Seascape Energy Asia Cash-to-Debt Related Terms

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

Seascape Energy Asia Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

One New Change, 5th Floor, London, GBR, EC4M 9AF

Website

https://www.seascape-energy.com

Seascape Energy Asia PLC is an oil and gas exploration and production company. The company focuses on drill-bit, both through infill drilling in existing fields and through near-field exploration drilling. The company's business operations are held in Malaysia.

Seascape Energy Asia Headlines

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Seascape Energy Asia (LSE:SEA) Cash-to-Debt : No Debt (1) (As of Jun. 2024)