OGS (ONE Gas) Cash-to-Debt : 0.01 (As of Sep. 2024)

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What is ONE Gas 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. ONE Gas's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.01.

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, ONE Gas couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

OGS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.16
Current: 0.01

During the past 13 years, ONE Gas's highest Cash to Debt Ratio was 0.16. The lowest was 0.00. And the median was 0.01.

OGS's Cash-to-Debt is ranked worse than
96.11% of 488 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs OGS: 0.01

ONE Gas Cash-to-Debt Historical Data

The historical data trend for ONE Gas'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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ONE Gas Cash-to-Debt Chart

ONE Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

ONE Gas 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															-	0.01	-	-	0.01

Competitive Comparison of ONE Gas's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, ONE Gas'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.

ONE Gas's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ONE Gas's Cash-to-Debt distribution charts can be found below:

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

ONE Gas 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.

ONE Gas'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)
	=	18.835	/	(888.914	+	2160.401)
	=	0.01

ONE Gas's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	18.797	/	(980.37	+	2384.882)
	=	0.01

ONE Gas (NYSE:OGS) 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.

ONE Gas Cash-to-Debt Related Terms

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ONE Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ONE Gas Inc (NYSE:OGS) » Definitions » Cash-to-Debt

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OG9:Germany

Address

15 East Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.onegas.com

ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas.

Executives

Angela Kouplen	officer: See Remarks	2425 SOUTH YUKON, TULSA OK 74107
Deborah Hersman	director	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael G Hutchinson	director	9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Brian F. Brumfield	officer: See remarks	15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
William Kent Shortridge	officer: See Remarks	15 E. 5TH STREET, 34TH FLOOR, TULSA OK 74103
Tracy E Hart	director	15 EAST 5TH STREET, TULSA OK 74103
Jeffrey J Husen	officer: See Remarks	15 EAST 5TH ST., TULSA OK 74103
John William Gibson	director	100 WEST FIFTH STREET, TULSA OK 74103
Arcilia Acosta	director	LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Douglas H Yaeger	director
Pattye L Moore	director	100 WEST FIFTH STREET, TULSA OK 74103
Mark A. Bender	officer: See Remarks	15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Caron A Lawhorn	officer: See Remarks	100 WEST FIFTH STREET, TULSA OK 74103