Omagine (Omagine) Cash-to-Debt : 0.04 (As of Sep. 2017)

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What is Omagine 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. Omagine's cash to debt ratio for the quarter that ended in Sep. 2017 was 0.04.

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, Omagine couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2017.

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

OMAGQ's Cash-to-Debt is not ranked ^*
in the Real Estate industry.
Industry Median: 0.255
* Ranked among companies with meaningful Cash-to-Debt only.

Omagine Cash-to-Debt Historical Data

The historical data trend for Omagine'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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Omagine Cash-to-Debt Chart

Omagine Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash-to-Debt

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0.19

0.04

2.40

0.54

0.17

Omagine Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.17	-	0.05	0.04

Competitive Comparison of Omagine's Cash-to-Debt

For the Real Estate - Development subindustry, Omagine'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.

Omagine's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Omagine's Cash-to-Debt distribution charts can be found below:

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

Omagine 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.

Omagine's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 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)
	=	0.229	/	(1.375	+	0)
	=	0.17

Omagine's Cash to Debt Ratio for the quarter that ended in Sep. 2017 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)
	=	0.059	/	(1.403	+	0)
	=	0.04

Omagine (OTCPK:OMAGQ) 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.

Omagine Cash-to-Debt Related Terms

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Omagine (Omagine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Omagine Inc (OTCPK:OMAGQ) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

136 Madison Avenue, 5th Floor, New York, NY, USA, 10016

Website

http://www.omagine.com

Omagine Inc is a holding company. The company is focused on entertainment, hospitality and real estate development opportunities in the Middle East and North Africa (the MENA Region) and on the design and development of distinctive tourism destinations. Omagine along with its subsidiary, design, develop, own and operate its initial project, a mixed-use tourism and real estate project named the Omagine Project. The Omagine Project is an integration of cultural, heritage, educational, entertainment and residential components, including a high culture theme park containing seven pearl shaped buildings.

Executives

Jack A Smith

director

5900 LAKE ELLENOR DRIVE, ORLANDO FL 32809

Omagine (Omagine) Headlines

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