Shelf Drilling (North Sea) (OSL:SDNS) Cash-to-Debt : 0.09 (As of Sep. 2024)

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What is Shelf Drilling (North Sea) 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. Shelf Drilling (North Sea)'s cash to debt ratio for the quarter that ended in Sep. 2024 was 0.09.

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, Shelf Drilling (North Sea) 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 Shelf Drilling (North Sea)'s Cash-to-Debt or its related term are showing as below:

OSL:SDNS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 0.26
Current: 0.09

During the past 3 years, Shelf Drilling (North Sea)'s highest Cash to Debt Ratio was 0.26. The lowest was 0.06. And the median was 0.16.

OSL:SDNS's Cash-to-Debt is ranked worse than
82.47% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs OSL:SDNS: 0.09

Shelf Drilling (North Sea) Cash-to-Debt Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) Cash-to-Debt Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.22

0.12

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial								0.19	0.12	0.06	0.12	0.09

Competitive Comparison of Shelf Drilling (North Sea)'s Cash-to-Debt

For the Oil & Gas Drilling subindustry, Shelf Drilling (North Sea)'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.

Shelf Drilling (North Sea)'s Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shelf Drilling (North Sea)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shelf Drilling (North Sea)'s Cash-to-Debt falls into.

Shelf Drilling (North Sea) 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.

Shelf Drilling (North Sea)'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)
	=	292.218	/	(140.307	+	2375.725)
	=	0.12

Shelf Drilling (North Sea)'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)
	=	282.561	/	(106.226	+	3136.854)
	=	0.09

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Shelf Drilling (North Sea)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Shelf Drilling (North Sea) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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