DNO ASA (DNO ASA) Cash-to-Debt : 1.22 (As of Dec. 2023)

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What is DNO ASA 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. DNO ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.22.

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, DNO ASA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

DTNOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 0.69 Max: 1.64
Current: 1.22

During the past 13 years, DNO ASA's highest Cash to Debt Ratio was 1.64. The lowest was 0.44. And the median was 0.69.

DTNOF's Cash-to-Debt is ranked better than
61.99% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs DTNOF: 1.22

DNO ASA Cash-to-Debt Historical Data

The historical data trend for DNO ASA'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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DNO ASA Cash-to-Debt Chart

DNO ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.44

0.49

0.81

1.64

1.22

DNO ASA 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															1.64	1.64	1.29	1.23	1.22

Competitive Comparison of DNO ASA's Cash-to-Debt

For the Oil & Gas E&P subindustry, DNO ASA'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.

DNO ASA's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

DNO ASA 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.

DNO ASA'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)
	=	704.5	/	(169.8	+	406)
	=	1.22

DNO ASA'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)
	=	704.5	/	(169.8	+	406)
	=	1.22

DNO ASA (OTCPK:DTNOF) 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.

DNO ASA Cash-to-Debt Related Terms

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

DNO ASA (DNO ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DNO ASA (OTCPK:DTNOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DTNOY:USA DNOo:Sweden DNO:Norway DNOo:UK 0MHP:UK NK1A:Germany

Address

Dokkveien 1, P.O. Box 1345 Vika, Aker Brygge, Oslo, NOR, 0250

Website

https://www.dno.no

DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.

DNO ASA (DNO ASA) Headlines

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