Fire & Gas Detection Technologies (XTAE:FGAS) Cash-to-Debt : 1.19 (As of Dec. 2023)

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What is Fire & Gas Detection Technologies 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. Fire & Gas Detection Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.19.

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, Fire & Gas Detection Technologies 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 Fire & Gas Detection Technologies's Cash-to-Debt or its related term are showing as below:

XTAE:FGAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.58 Max: 1.19
Current: 1.19

During the past 6 years, Fire & Gas Detection Technologies's highest Cash to Debt Ratio was 1.19. The lowest was 0.05. And the median was 0.58.

XTAE:FGAS's Cash-to-Debt is ranked better than
62.51% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs XTAE:FGAS: 1.19

Fire & Gas Detection Technologies Cash-to-Debt Historical Data

The historical data trend for Fire & Gas Detection Technologies'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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Fire & Gas Detection Technologies Cash-to-Debt Chart

Fire & Gas Detection Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.90

0.86

0.30

1.19

Fire & Gas Detection Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.86	0.76	0.30	0.17	1.19

Competitive Comparison of Fire & Gas Detection Technologies's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Fire & Gas Detection Technologies'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.

Fire & Gas Detection Technologies's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Fire & Gas Detection Technologies's Cash-to-Debt falls into.

Fire & Gas Detection Technologies 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.

Fire & Gas Detection Technologies'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)
	=	26.908	/	(5.582	+	17.056)
	=	1.19

Fire & Gas Detection Technologies'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)
	=	26.908	/	(5.582	+	17.056)
	=	1.19

Fire & Gas Detection Technologies (XTAE:FGAS) 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.

Fire & Gas Detection Technologies Cash-to-Debt Related Terms

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

Fire & Gas Detection Technologies (XTAE:FGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fire & Gas Detection Technologies Ltd (XTAE:FGAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Bror Hayil, Ashkelon Beach, Ashkelon, ISR, 693709

Website

https://www.fg-detection.com

Fire & Gas Detection Technologies Ltd is engaged in the business of providing flame detection systems to the Oil & Gas industry.

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