Reach Subsea ASA (OSL:REACH) Cash-to-Debt : 0.18 (As of Dec. 2024)

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What is Reach Subsea ASA 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. Reach Subsea ASA's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.18.

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, Reach Subsea ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

OSL:REACH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.44 Max: 2.44
Current: 0.18

During the past 13 years, Reach Subsea ASA's highest Cash to Debt Ratio was 2.44. The lowest was 0.18. And the median was 0.44.

OSL:REACH's Cash-to-Debt is ranked worse than
69.77% of 989 companies
in the Oil & Gas industry
Industry Median: 0.52 vs OSL:REACH: 0.18

Reach Subsea ASA Cash-to-Debt Historical Data

The historical data trend for Reach Subsea ASA'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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Reach Subsea ASA Cash-to-Debt Chart

Reach Subsea ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.44

0.46

1.38

0.34

0.18

Reach Subsea ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.12	0.12	0.15	0.18

Competitive Comparison of Reach Subsea ASA's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA'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.

Reach Subsea ASA's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

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Reach Subsea ASA 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.

Reach Subsea ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	278.022	/	(814.082	+	742.778)
	=	0.18

Reach Subsea ASA's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	278.022	/	(814.082	+	742.778)
	=	0.18

Reach Subsea ASA (OSL:REACH) 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.

Reach Subsea ASA Cash-to-Debt Related Terms

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

Reach Subsea ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (OSL:REACH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

REACHo:Sweden 0EMB:UK 4RS:Germany

Address

Mollervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA Headlines

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