SOC (Sable Offshore) Cash-to-Debt : 0.35 (As of Sep. 2024)

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What is Sable Offshore 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. Sable Offshore's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.35.

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, Sable Offshore 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 Sable Offshore's Cash-to-Debt or its related term are showing as below:

SOC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.2 Max: No Debt
Current: 0.35

During the past 4 years, Sable Offshore's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.20.

SOC's Cash-to-Debt is ranked worse than
57.75% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs SOC: 0.35

Sable Offshore Cash-to-Debt Historical Data

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

Sable Offshore Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.21

0.34

0.06

0.04

Sable Offshore Quarterly Data
	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											0.19	0.04	0.27	0.14	0.35

Competitive Comparison of Sable Offshore's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Sable Offshore'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.

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

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

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

Sable Offshore 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.

Sable Offshore'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)
	=	0.268	/	(7.51	+	0)
	=	0.04

Sable Offshore'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)
	=	288.232	/	(0	+	814.421)
	=	0.35

Sable Offshore (NYSE:SOC) 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.

Sable Offshore Cash-to-Debt Related Terms

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Sable Offshore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sable Offshore Corp (NYSE:SOC) » Definitions » Cash-to-Debt

Comparable Companies

GAQ LCW BCSA VCXB EVE SUAC VAQC CHEA HCMA ACRO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

N/A

Address

845 Texas Avenue, Suite 2900, Houston, TX, USA, 77002

Website

https://www.sableoffshore.com

Sable Offshore Corp is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.

Executives

Global Icav Pilgrim	10 percent owner	21-23 CITY QUAY, RIVERVIEW HOUSE, DUBLIN L2 D2
Gregory Phillip Pipkin	director	11227 SMITHDALE ROAD, HOUSTON TX 77024
James C Flores	director, 10 percent owner, officer: CEO & President	P.O. BOX 1083, HOUSTON TX 77251
Pilgrim Global Advisors Llc	10 percent owner	4785 CAUGHLIN PARKWAY, RENO NV 89519
Darren Maupin	10 percent owner	C/O PILGRIM GLOBAL ADVISORS LLC, 4785 CAUGHLIN PARKWAY, RENO NV 89519
Christopher Binyon Sarofim	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Flame Acquisition Sponsor Llc	10 percent owner	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Gregory D. Patrinely	officer: CFO & Secretary	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Michael E. Dillard	director	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002