Pakistan Petroleum (Pakistan Petroleum) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Pakistan Petroleum 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. Pakistan Petroleum's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Pakistan Petroleum could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Pakistan Petroleum's Cash-to-Debt or its related term are showing as below:

PKKKY' s Cash-to-Debt Range Over the Past 10 Years
Min: 53.39 Med: 194.1 Max: 215595.34
Current: 84.68

During the past 13 years, Pakistan Petroleum's highest Cash to Debt Ratio was 215595.34. The lowest was 53.39. And the median was 194.10.

PKKKY's Cash-to-Debt is ranked better than
84.1% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.49 vs PKKKY: 84.68

Pakistan Petroleum Cash-to-Debt Historical Data

The historical data trend for Pakistan Petroleum'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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Pakistan Petroleum Cash-to-Debt Chart

Pakistan Petroleum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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953.50

3,098.06

167,629.50

53.38

67.06

Pakistan Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															56.99	67.06	77.59	No Debt	No Debt

Competitive Comparison of Pakistan Petroleum's Cash-to-Debt

For the Oil & Gas E&P subindustry, Pakistan Petroleum'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.

Pakistan Petroleum's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Pakistan Petroleum 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.

Pakistan Petroleum's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	271.641	/	(4.051	+	0)
	=	67.06

Pakistan Petroleum's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Pakistan Petroleum had no debt ⁽¹⁾.

Pakistan Petroleum (OTCPK:PKKKY) 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.

Pakistan Petroleum Cash-to-Debt Related Terms

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Pakistan Petroleum (Pakistan Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pakistan Petroleum Ltd (OTCPK:PKKKY) » Definitions » Cash-to-Debt

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PPL:Pakistan

Address

Dr. Ziauddin Ahmed Road, P.O. Box 3942, 4th Floor, PIDC House, Karachi, SD, PAK, 75530

Website

https://www.ppl.com.pk

Pakistan Petroleum Ltd, or PPL is a Pakistan-based company operates in the natural gas industry. The company along with its subsidiaries is engaged in conducting exploration, prospecting, development, and production of oil and natural gas resources. It operates several producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani, Adam, Adam West, Shadadpur and Shahdadpur West.

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Pakistan Petroleum (Pakistan Petroleum) Cash-to-Debt : No Debt (1) (As of Mar. 2024)