Euronav NV (Euronav NV) Cash-to-Debt : 0.46 (As of Dec. 2023)

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What is Euronav NV 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. Euronav NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.46.

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, Euronav NV 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 Euronav NV's Cash-to-Debt or its related term are showing as below:

EURN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.14 Max: 0.46
Current: 0.46

During the past 13 years, Euronav NV's highest Cash to Debt Ratio was 0.46. The lowest was 0.09. And the median was 0.14.

EURN's Cash-to-Debt is ranked worse than
51.46% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs EURN: 0.46

Euronav NV Cash-to-Debt Historical Data

The historical data trend for Euronav NV'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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Euronav NV Cash-to-Debt Chart

Euronav NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.17

0.13

0.09

0.11

0.46

Euronav NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.13	0.09	0.09	0.46

Competitive Comparison of Euronav NV's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Euronav NV'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.

Euronav NV's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Euronav NV 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.

Euronav NV'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)
	=	429.37	/	(295.648	+	635.065)
	=	0.46

Euronav NV'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)
	=	429.37	/	(295.648	+	635.065)
	=	0.46

Euronav NV (NYSE:EURN) 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.

Euronav NV Cash-to-Debt Related Terms

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

Euronav NV (Euronav NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Euronav NV (NYSE:EURN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0K9A:UK OCW:Germany EURN:Belgium

Address

De Gerlachekaai 20, Antwerpen, BEL, B-2000

Website

http://www.euronav.com

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.