Serica Energy (LSE:SQZ) Cash-to-Debt : 1.66 (As of Jun. 2024)

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What is Serica Energy 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. Serica Energy's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.66.

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, Serica Energy could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LSE:SQZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.15 Med: No Debt Max: No Debt
Current: 1.66

During the past 13 years, Serica Energy's highest Cash to Debt Ratio was No Debt. The lowest was 1.15. And the median was No Debt.

LSE:SQZ's Cash-to-Debt is ranked better than
65.45% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs LSE:SQZ: 1.66

Serica Energy Cash-to-Debt Historical Data

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

Serica Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

1.15

Serica Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	2.11	1.15	1.66

Competitive Comparison of Serica Energy's Cash-to-Debt

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

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

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

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

Serica Energy 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.

Serica Energy'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)
	=	246.757	/	(0	+	214.395)
	=	1.15

Serica Energy's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	284.692	/	(0	+	172.048)
	=	1.65

Serica Energy (LSE:SQZ) 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.

Serica Energy Cash-to-Debt Related Terms

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Serica Energy Business Description

Industry

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

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Traded in Other Exchanges

SQZZF:USA SQZ.GB:UK A3P:Germany

Address

48 George Street, London, GBR, W1U 7DY

Website

https://www.serica-energy.com

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea. It derives maximum revenue from sale of Gas.

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