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State GasSTGSF 33 Cash-to-Debt is 0.10 as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. GuruFocus rates STGSF with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 990 Oil & Gas companies, State Gas ranks worse than 81.01% on this metric.
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. State Gas's cash to debt ratio for the quarter that ended in Dec. 2025 was 0.10.
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, State Gascouldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for State Gas's Cash-to-Debt or its related term are showing as below:
STGSF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 0.1
During the past 8 years, State Gas's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.
STGSF's Cash-to-Debt is ranked worse than 81.01% of 990
companies
in the Oil & Gas industry
Industry Median: 0.51
vs STGSF: 0.10
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.
State Gas Cash-to-Debt Related Terms
State Gas Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for State Gas'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.
For the Oil & Gas E&P subindustry, State Gas'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.
State Gas Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, State Gas's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where State Gas's Cash-to-Debt falls into.
* 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.
State Gas (STGSF) has a Cash-to-Debt of 0.10 as of Dec. 2025. This is 100% below median its historical median of 10,000.00. Over the past decade, State Gas' Cash-to-Debt has ranged from 0.02 to 10,000.00. According to the industry distribution chart, State Gas ranks #802 out of 990 companies in the Oil & Gas industry, placing it in the top 81%.
Is State Gas' Cash-to-Debt too high?
State Gas' current Cash-to-Debt of 0.10 is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 10,000.00. The Oil & Gas industry median Cash-to-Debt is 0.51. State Gas' value of 0.10 is 80.4% below this industry median. Based on the distribution chart, State Gas ranks #802 out of 990 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, State Gas has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does State Gas' Cash-to-Debt compare to COP and EOG?
According to the Oil & Gas industry distribution chart, State Gas ranks #802 out of 990 companies for Cash-to-Debt. This places State Gas in the lower half of its industry. The industry median Cash-to-Debt is 0.51. State Gas' value of 0.10 is 80.4% below this benchmark. Historically, State Gas' own Cash-to-Debt has ranged from 0.02 to 10,000.00 over the past decade. While the company's 10-year median is 10,000.00 vs. the industry median of 0.51, State Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.51, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. State Gas's current Cash-to-Debt of 0.10 is 80.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Gas's current Cash-to-Debt is 0.10, which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Gas stock overvalued right now?
State Gas (STGSF) has a current Cash-to-Debt of 0.10. The current Cash-to-Debt is 0.10, which is 100% below median its 10-year median of 10,000.00 and 80.4% below the Oil & Gas industry median of 0.51. State Gas' overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For State Gas (STGSF), the current Cash-to-Debt is 0.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
State Gas Ltd is a natural gas exploration and development company with operations in the southern Bowen Basin in Central Queensland. The company's existing 100% owned exploration projects, when considered in conjunction with joint venture interests over adjoining areas, means State Gas has a prospective and substantial portfolio of natural gas resources. It operates in one segment, being the exploration and development of gas fields in Australia.
33GF Score
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