Tethys Oil AB (OSTO:TETY) Cash-to-Debt : 2.41 (As of Sep. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Tethys Oil AB 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. Tethys Oil AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.41.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Tethys Oil AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

OSTO:TETY' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.41 Med: No Debt Max: No Debt
Current: 2.41

During the past 13 years, Tethys Oil AB's highest Cash to Debt Ratio was No Debt. The lowest was 2.41. And the median was No Debt.

OSTO:TETY's Cash-to-Debt is ranked better than
69.3% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs OSTO:TETY: 2.41

Tethys Oil AB Cash-to-Debt Historical Data

The historical data trend for Tethys Oil AB'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.

* Premium members only.

Tethys Oil AB Cash-to-Debt Chart

Tethys Oil AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

151.21

184.66

62.36

No Debt

Tethys Oil AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	2.41

Competitive Comparison of Tethys Oil AB's Cash-to-Debt

For the Oil & Gas E&P subindustry, Tethys Oil AB'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.

Tethys Oil AB's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Tethys Oil AB 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.

Tethys Oil AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Tethys Oil AB had no debt ⁽¹⁾.

Tethys Oil AB'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)
	=	167.756	/	(0	+	69.557)
	=	2.41

Tethys Oil AB (OSTO:TETY) 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.

Tethys Oil AB Cash-to-Debt Related Terms

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

Tethys Oil AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tethys Oil AB (OSTO:TETY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0A1V:UK TZB0:Germany

Address

Hovslagargatan 5B, Stockholm, SWE, SE-111 48

Website

https://www.tethysoil.com

Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and natural gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.

Tethys Oil AB Headlines

No Headlines