Ventura Offshore Holding (OSL:VTURA) Cash-to-Debt : 0.17 (As of Dec. 2023)

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What is Ventura Offshore Holding 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. Ventura Offshore Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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, Ventura Offshore Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OSL:VTURA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.17
Current: 0.17

During the past 3 years, Ventura Offshore Holding's highest Cash to Debt Ratio was 0.17. The lowest was 0.04. And the median was 0.04.

OSL:VTURA's Cash-to-Debt is ranked worse than
72.57% of 988 companies
in the Oil & Gas industry
Industry Median: 0.52 vs OSL:VTURA: 0.17

Ventura Offshore Holding Cash-to-Debt Historical Data

The historical data trend for Ventura Offshore Holding'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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Ventura Offshore Holding Cash-to-Debt Chart

Ventura Offshore Holding Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

0.17

Ventura Offshore Holding Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.04	0.04	0.17

Competitive Comparison of Ventura Offshore Holding's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Ventura Offshore Holding'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.

Ventura Offshore Holding's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ventura Offshore Holding's Cash-to-Debt distribution charts can be found below:

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

Ventura Offshore Holding 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.

Ventura Offshore Holding'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)
	=	247.594	/	(353.932	+	1103.562)
	=	0.17

Ventura Offshore Holding's Cash to Debt Ratio for the quarter 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)
	=	247.594	/	(353.932	+	1103.562)
	=	0.17

Ventura Offshore Holding (OSL:VTURA) 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.

Ventura Offshore Holding Cash-to-Debt Related Terms

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Ventura Offshore Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ventura Offshore Holding Ltd (OSL:VTURA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Lacerda Agostinho, 1205 - Virgem Santa, Macae, RJ, BRA, CEP: 27948-005

Website

https://www.ventura-offshore.com

Ventura Offshore Holding Ltd is a deep water drilling contractor providing offshore drilling services to the oil and gas industry. The Group focuses on deep water drilling operations in water depths of up to 12,000 feet and core activities are focused in the Brazilian offshore oil and gas market. Also Group owns and operates the drillship Carolina and the semisubmersible rig Victoria (the Owned Rigs), and manages the drillship Zonda and semisubmersible rig Catarina (the Managed Rigs, and together with the Owned Rigs, the Rigs), all of which drilling rigs capable of drilling in ultra deep waters.

Ventura Offshore Holding Headlines

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