Tullow Oil (Tullow Oil) Cash-to-Debt

: 0.17 (As of Dec. 2023)

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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. Tullow Oil's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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, Tullow Oil 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 Tullow Oil's Cash-to-Debt or its related term are showing as below:

TUWOY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.09 Max: 0.18
Current: 0.17

During the past 13 years, Tullow Oil's highest Cash to Debt Ratio was 0.18. The lowest was 0.04. And the median was 0.09.

TUWOY's Cash-to-Debt is ranked worse than
72.21% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.505 vs TUWOY: 0.17

Tullow Oil Cash-to-Debt Historical Data

The historical data trend for Tullow Oil'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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Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

0.17

0.13

0.18

0.17

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																0.13	0.05	0.18	0.09	0.17

Competitive Comparison

For the Oil & Gas E&P subindustry, Tullow Oil'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.

Tullow Oil Cash-to-Debt Distribution

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

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

Tullow Oil 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.

Tullow Oil'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)
	=	494.5	/	(285.7	+	2705.6)
	=	0.17

Tullow Oil'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)
	=	494.5	/	(285.7	+	2705.6)
	=	0.17

Tullow Oil (OTCPK:TUWOY) 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.

Tullow Oil Cash-to-Debt Related Terms

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

Tullow Oil (Tullow Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (OTCPK:TUWOY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TUWLF:USA TLW:Ghana TLWl:UK TLW:UK TQW:Germany TQW:Germany

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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