PT Essa Industries Indonesia Tbk (STU:71S) Cash-to-Debt : 0.64 (As of Dec. 2023)

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What is PT Essa Industries Indonesia Tbk 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. PT Essa Industries Indonesia Tbk's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.64.

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, PT Essa Industries Indonesia Tbk 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 PT Essa Industries Indonesia Tbk's Cash-to-Debt or its related term are showing as below:

STU:71S' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.22 Max: 0.64
Current: 0.64

During the past 13 years, PT Essa Industries Indonesia Tbk's highest Cash to Debt Ratio was 0.64. The lowest was 0.08. And the median was 0.22.

STU:71S's Cash-to-Debt is ranked better than
54.48% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs STU:71S: 0.64

PT Essa Industries Indonesia Tbk Cash-to-Debt Historical Data

The historical data trend for PT Essa Industries Indonesia Tbk'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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PT Essa Industries Indonesia Tbk Cash-to-Debt Chart

PT Essa Industries Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

0.16

0.17

0.57

0.64

PT Essa Industries Indonesia Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.69	0.47	0.50	0.64

Competitive Comparison of PT Essa Industries Indonesia Tbk's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, PT Essa Industries Indonesia Tbk'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.

PT Essa Industries Indonesia Tbk's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Essa Industries Indonesia Tbk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PT Essa Industries Indonesia Tbk's Cash-to-Debt falls into.

PT Essa Industries Indonesia Tbk 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.

PT Essa Industries Indonesia Tbk'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)
	=	94.638	/	(97.332	+	50.441)
	=	0.64

PT Essa Industries Indonesia Tbk'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)
	=	94.638	/	(97.332	+	50.441)
	=	0.64

PT Essa Industries Indonesia Tbk (STU:71S) 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.

PT Essa Industries Indonesia Tbk Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PT Essa Industries Indonesia Tbk's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Essa Industries Indonesia Tbk (STU:71S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Essa Industries Indonesia Tbk (STU:71S) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ESSA:Indonesia

Address

Jalan Prof. Dr. Satrio, Kav. 3-5, DBS Bank Tower, 18th Floor, Jakarta, IDN, 12940

Website

https://www.essa.id

PT Essa Industries Indonesia Tbk owns and operates the largest privately owned domestic liquefied petroleum gas (LPG) refinery in Indonesia. Its main business is the refining and processing of natural gas to produce LPG (mixture of Propane and Butane) and Condensate with a capacity of 190 TPD (Ton Per Day) LPG and 500 bpd (barrels per day) Condensate.

PT Essa Industries Indonesia Tbk (STU:71S) Headlines

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