Vantage Drilling International (Vantage Drilling International) Cash-to-Debt : 0.42 (As of Jun. 2023)

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What is Vantage Drilling International 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. Vantage Drilling International's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.42.

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, Vantage Drilling International couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

VTDRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 0.79
Current: 0.42

During the past 13 years, Vantage Drilling International's highest Cash to Debt Ratio was 0.79. The lowest was 0.01. And the median was 0.25.

VTDRF's Cash-to-Debt is ranked worse than
54.34% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs VTDRF: 0.42

Vantage Drilling International Cash-to-Debt Historical Data

The historical data trend for Vantage Drilling International'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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Vantage Drilling International Cash-to-Debt Chart

Vantage Drilling International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.20

0.66

0.41

0.21

0.41

Vantage Drilling International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.65	0.70	0.41	0.37	0.42

Competitive Comparison of Vantage Drilling International's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Vantage Drilling International'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.

Vantage Drilling International's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Vantage Drilling International's Cash-to-Debt falls into.

Vantage Drilling International 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.

Vantage Drilling International's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	74.026	/	(1.52	+	179.449)
	=	0.41

Vantage Drilling International's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	79.65	/	(0.679	+	189.084)
	=	0.42

Vantage Drilling International (OTCPK:VTDRF) 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.

Vantage Drilling International Cash-to-Debt Related Terms

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

Vantage Drilling International (Vantage Drilling International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vantage Drilling International Ltd (OTCPK:VTDRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Vantage Energy Services, Inc., 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056

Website

https://www.vantagedrilling.com

Vantage Drilling International is an offshore drilling contractor. It operates and manages a fleet of drilling units. Its principal business is to contract drilling units, related equipment, and work crews on a day rate basis to drill oil and natural gas wells. Its rig fleet consists of ultra-deep-water drillships, including Platinum Explorer and Tungsten Explorer; and Jackups, including Topaz Driller and Soehanah. The company's geographical segments includes Drilling Services and Managed Services. It operates in Cayman Islands, Montenegro, Qatar, India, Indonesia, Lebanon, Congo, and Other Countries.

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