Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ONE GasOGS -0.12%78 Cash-to-Debt is 0.01 as of Jun. 2026, which is at its 10-year median of 0.01. GuruFocus rates OGS with a GF Score™ of 78/100 and a GF Value™ of $73.72 (Fairly Valued). The stock has 4 warning signs investors should review. Among 486 Utilities - Regulated companies, ONE Gas ranks worse than 205761.11% on this metric.
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 Jun. 2026 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 Gascouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for ONE Gas's Cash-to-Debt or its related term are showing as below:
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 not ranked *
in the Utilities - Regulated industry.
Industry Median: 0.215 * Ranked among companies with meaningful Cash-to-Debt only.
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
ONE Gas Cash-to-Debt Historical Data
* Premium members only.
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.
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 Cash-to-Debt vs 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.
* 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.
ONE Gas (OGS) has a Cash-to-Debt of 0.01 as of Jun. 2026. This is near median its historical median of 0.01. According to the industry distribution chart, ONE Gas ranks #999999 out of 486 companies in the Utilities - Regulated industry.
Is ONE Gas' Cash-to-Debt too high?
ONE Gas' current Cash-to-Debt of 0.01 is near median its 10-year median of 0.01. The Utilities - Regulated industry median Cash-to-Debt is 0.22. ONE Gas' value of 0.01 is 95.3% below this industry median. Based on the distribution chart, ONE Gas ranks #999999 out of 486 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, ONE Gas has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Cash-to-Debt compare to SR and NJR?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #999999 out of 486 companies for Cash-to-Debt. This places ONE Gas in the lower half of its industry. The industry median Cash-to-Debt is 0.22. ONE Gas' value of 0.01 is 95.3% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.22, ONE Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Regulated company?
The median Cash-to-Debt among Utilities - Regulated companies is 0.22, based on 486 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONE Gas's current Cash-to-Debt of 0.01 is 95.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median Cash-to-Debt is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current Cash-to-Debt is 0.01, which is near median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONE Gas stock overvalued right now?
Based on GuruFocus' analysis, ONE Gas (OGS) is currently considered Fairly Valued. The stock's GF Value™ is $73.72, compared to a current price of $74.22 — trading 0.7% above its estimated fair value. The current Cash-to-Debt is 0.01, which is near median its 10-year median of 0.01 and 95.3% below the Utilities - Regulated industry median of 0.22. ONE Gas' overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For ONE Gas (OGS), the current Cash-to-Debt is 0.01 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ONE Gas (OGS) Overvalued in 2026?
Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued.
The current stock price of $74.22 is trading 0.7% above its estimated GF Value™ of $73.72.
GuruFocus considers ONE Gas to be Fairly Valued.
Key valuation signals for OGS:
Cash-to-Debt: 0.01 (near median its 10-year median of 0.01)
GF Value™: $73.72 vs. price of $74.22 (0.7% above fair value)
Industry Position: 95.3% below the Utilities - Regulated median (#999999 of 486)
No single metric tells the full story. See the OGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. It operates in one reportable business segment: regulated public utilities that deliver natural gas to residential, commercial, and transportation customers.
78GF Score
Get the complete analysis for OGS
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OGS has been successfully added to your 
