Gulf Island Fabrication (Gulf Island Fabrication) Cash-to-Debt : 2.32 (As of Dec. 2023)

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What is Gulf Island Fabrication 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. Gulf Island Fabrication's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.32.

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, Gulf Island Fabrication 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 Gulf Island Fabrication's Cash-to-Debt or its related term are showing as below:

GIFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.32 Med: No Debt Max: No Debt
Current: 2.32

During the past 13 years, Gulf Island Fabrication's highest Cash to Debt Ratio was No Debt. The lowest was 2.32. And the median was No Debt.

GIFI's Cash-to-Debt is ranked better than
61.9% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs GIFI: 2.32

Gulf Island Fabrication Cash-to-Debt Historical Data

The historical data trend for Gulf Island Fabrication'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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Gulf Island Fabrication Cash-to-Debt Chart

Gulf Island Fabrication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

5.12

No Debt

2.32

Gulf Island Fabrication 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															No Debt	No Debt	No Debt	No Debt	2.32

Competitive Comparison of Gulf Island Fabrication's Cash-to-Debt

For the Metal Fabrication subindustry, Gulf Island Fabrication'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.

Gulf Island Fabrication's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Island Fabrication's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gulf Island Fabrication's Cash-to-Debt falls into.

Gulf Island Fabrication 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.

Gulf Island Fabrication'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)
	=	46.409	/	(1.075	+	18.925)
	=	2.32

Gulf Island Fabrication'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)
	=	46.409	/	(1.075	+	18.925)
	=	2.32

Gulf Island Fabrication (NAS:GIFI) 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.

Gulf Island Fabrication Cash-to-Debt Related Terms

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

Gulf Island Fabrication (Gulf Island Fabrication) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Island Fabrication Inc (NAS:GIFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2170 Buckthorne Place, Suite 420, The Woodlands, TX, USA, 77380

Website

https://www.gulfisland.com

Gulf Island Fabrication Inc is a U.S.-based company that is a fabricator of complex steel structures and marine vessels. The company also provides installation, hook-up, commissioning, repair, and maintenance services with specialized crews. The company operates through segments namely Fabrication division fabricates structures such as offshore drilling and production platforms and other steel structures for customers in the oil and gas industries; the Shipyards division manufactures newly built and repairs various steel marine vessels in the United States; the Services division provides interconnect piping services on offshore platforms, welding, and inshore structures and also provides maintenance and industrial facilities.

Executives

Robert M Averick	director, 10 percent owner	KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Jay Troger	director	2170 BUCKTHORNE PLACE, SUITE 420, THE WOODLANDS TX 77380
William E Chiles	director	C/O ENSCO INTERNTIONAL INC, 1445 ROSS AVE, DALLAS TX 75202-2792
Murray W. Burns	director	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Matthew R Oubre	other: SVP, Commercial	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Richard W. Heo	director, officer: President & CEO	2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
C D Richard	director
Michael A Flick	director	2000 W SAM HOUSTON PARKWAY SOUTH, SUITE 1700, HOUSTON TX 77042
Michael J Keeffe	director	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Thomas M. Smouse	officer: VP, Chief Human Resources Offi	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
James L. Morvant	other: SVP, Fabrication & Services	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Piton Capital Partners Llc	10 percent owner	C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Gregory J Cotter	director	583 THOMPSON RD, HOUMA LA 70363
Christian G Vaccari	other: Executive VP of Subsidiary	1100 POYDAS ST, STE 2000, NEW ORLEAN LA 70163
Donald John Mackay	other: Executive VP of Subsidiary	16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084