National Gas CoOG (MUS:NGCI) Cash-to-Debt : 0.24 (As of Sep. 2023)

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What is National Gas CoOG 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. National Gas CoOG's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.24.

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, National Gas CoOG couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

MUS:NGCI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.23 Max: 0.46
Current: 0.24

During the past 13 years, National Gas CoOG's highest Cash to Debt Ratio was 0.46. The lowest was 0.04. And the median was 0.23.

MUS:NGCI's Cash-to-Debt is ranked worse than
50.3% of 499 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs MUS:NGCI: 0.24

National Gas CoOG Cash-to-Debt Historical Data

The historical data trend for National Gas CoOG'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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National Gas CoOG Cash-to-Debt Chart

National Gas CoOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

Get a 7-Day Free Trial

0.17

0.10

0.46

0.33

0.13

National Gas CoOG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.35	0.08	0.12	0.24

Competitive Comparison of National Gas CoOG's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, National Gas CoOG'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.

National Gas CoOG's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where National Gas CoOG's Cash-to-Debt falls into.

National Gas CoOG 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.

National Gas CoOG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	2.705	/	(13.465	+	8.068)
	=	0.13

National Gas CoOG's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.623	/	(4.873	+	1.821)
	=	0.24

National Gas CoOG (MUS:NGCI) 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.

National Gas CoOG Cash-to-Debt Related Terms

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

National Gas CoOG (MUS:NGCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Gas Co SAOG (MUS:NGCI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN

Website

https://www.nationalgasco.net

National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution cost.

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