Poseidon Concepts (TSX:PSN) Cash-to-Debt : 0.06 (As of Sep. 2012)

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What is Poseidon Concepts 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. Poseidon Concepts's cash to debt ratio for the quarter that ended in Sep. 2012 was 0.06.

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, Poseidon Concepts couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2012.

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

TSX:PSN's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.505
* Ranked among companies with meaningful Cash-to-Debt only.

Poseidon Concepts Cash-to-Debt Historical Data

The historical data trend for Poseidon Concepts'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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Poseidon Concepts Cash-to-Debt Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Cash-to-Debt

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0.06

0.01

Poseidon Concepts Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Cash-to-Debt	Get a 7-Day Free Trial										-	-	0.18	0.35	0.06

Competitive Comparison of Poseidon Concepts's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Poseidon Concepts'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.

Poseidon Concepts's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Poseidon Concepts 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.

Poseidon Concepts's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 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)
	=	0	/	(28.371	+	0)
	=	0.00

Poseidon Concepts's Cash to Debt Ratio for the quarter that ended in Sep. 2012 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)
	=	3.461	/	(0	+	55.544)
	=	0.06

Poseidon Concepts (TSX:PSN) 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.

Poseidon Concepts Cash-to-Debt Related Terms

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