GulfMark Offshore (GulfMark Offshore) Cash-to-Debt : 0.40 (As of Sep. 2018)

View and export this data going back to 2017. Start your Free Trial

What is GulfMark 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. GulfMark Offshore's cash to debt ratio for the quarter that ended in Sep. 2018 was 0.40.

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, GulfMark Offshore couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2018.

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

GLF's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.505
* Ranked among companies with meaningful Cash-to-Debt only.

GulfMark Offshore Cash-to-Debt Historical Data

The historical data trend for GulfMark 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.

* Premium members only.

GulfMark Offshore Cash-to-Debt Chart

GulfMark Offshore Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash-to-Debt

Get a 7-Day Free Trial

0.12

0.09

0.05

0.02

0.70

GulfMark Offshore Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.70	0.57	0.48	0.40

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

For the Oil & Gas Equipment & Services subindustry, GulfMark 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.

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

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

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

GulfMark 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.

GulfMark Offshore's Cash to Debt Ratio for the fiscal year that ended in Dec. 2017 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)
	=	64.613	/	(0	+	92.365)
	=	0.70

GulfMark Offshore's Cash to Debt Ratio for the quarter that ended in Sep. 2018 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)
	=	37.532	/	(0	+	93.596)
	=	0.40

GulfMark Offshore (AMEX:GLF) 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.

GulfMark Offshore Cash-to-Debt Related Terms

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

GulfMark Offshore (GulfMark Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GulfMark Offshore Inc (AMEX:GLF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.gulfmark.com

GulfMark Offshore Inc is engaged in providing offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas. Its vessels transport materials, supplies, and personnel to offshore facilities, and also move and position drilling and production facilities. Geographically, the operation of the firm can be seen across the region of the North Sea, offshore Southeast Asia, and offshore the Americas. It operates a fleet of over 69 owned or managed offshore supply vessels (OSVs), which include over 28 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 31 vessels offshore the Americas.

Executives

Samuel R Rubio	officer: Senior VP and CFO	10111 RICHMOND AVE., STE. 340, HOUSTON TX 77042
Eugene I Davis	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Krishna Shivram	director	C/O WEATHERFORD INTERNATIONAL PLC, 2000 ST JAMES PLACE, HOUSTON TX 77056
Quintin Kneen	director, officer: President & CEO	400 N. SAM HOUSTON PKWY E. #900, HOUSTON TX 77060
William C Martin	director, 10 percent owner	C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Raging Capital Management, Llc	director, 10 percent owner	TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553-0228
Scott Mccarty	director	301 COMMERCE STREET, SUITE 2975, FORT WORTH TX 76102
Kenneth H Traub	director, other: See Remarks
Geoffrey Raynor	director, 10 percent owner	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Renegade Swish, Llc	director, 10 percent owner	301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102
Louis Raspino	director	1330 POST OAK BLVD, STE 2700, HOUSTON TX 77056
Tidewater Inc	10 percent owner	842 WEST SAM HOUSTON PARKWAY NORTH, SUITE 400, HOUSTON TX 77024
David E Darling	officer: Former SVP - CHRO	6002 ROGERDALE ROAD, SUITE 600, HOUSTON TX 77072
Sheldon S Gordon	director
David J Butters	director	RELIANT STADIUM TWO RELIANT PARK, HOUSTON TX 77054