Seanergy Maritime Holdings (Seanergy Maritime Holdings) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Seanergy Maritime Holdings 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. Seanergy Maritime Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, Seanergy Maritime Holdings 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 Seanergy Maritime Holdings's Cash-to-Debt or its related term are showing as below:

SHIP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: No Debt
Current: 0.08

During the past 13 years, Seanergy Maritime Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.08.

SHIP's Cash-to-Debt is ranked worse than
87.88% of 965 companies
in the Transportation industry
Industry Median: 0.49 vs SHIP: 0.08

Seanergy Maritime Holdings Cash-to-Debt Historical Data

The historical data trend for Seanergy Maritime Holdings'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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Seanergy Maritime Holdings Cash-to-Debt Chart

Seanergy Maritime Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.12

0.19

0.10

0.08

Seanergy Maritime Holdings 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															0.10	0.09	0.07	0.07	0.08

Competitive Comparison of Seanergy Maritime Holdings's Cash-to-Debt

For the Marine Shipping subindustry, Seanergy Maritime Holdings'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.

Seanergy Maritime Holdings's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Seanergy Maritime Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Seanergy Maritime Holdings's Cash-to-Debt falls into.

Seanergy Maritime Holdings 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.

Seanergy Maritime Holdings'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)
	=	19.378	/	(53.663	+	179.31)
	=	0.08

Seanergy Maritime Holdings'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)
	=	19.378	/	(53.663	+	179.31)
	=	0.08

Seanergy Maritime Holdings (NAS:SHIP) 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.

Seanergy Maritime Holdings Cash-to-Debt Related Terms

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Seanergy Maritime Holdings (Seanergy Maritime Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seanergy Maritime Holdings Corp (NAS:SHIP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RHS:Germany

Address

154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74

Website

https://www.seanergymaritime.com

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.

Executives

Nisswa Acquisition Master Fund Ltd.

10 percent owner

C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104