ADNOC Logistics & Services (ADX:ADNOCLS) Cash-to-Debt : 0.08 (As of Dec. 2022)

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What is ADNOC Logistics & Services 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. ADNOC Logistics & Services's cash to debt ratio for the quarter that ended in Dec. 2022 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, ADNOC Logistics & Services couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for ADNOC Logistics & Services's Cash-to-Debt or its related term are showing as below:

ADX:ADNOCLS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.32 Max: 0.57
Current: 0.08

During the past 2 years, ADNOC Logistics & Services's highest Cash to Debt Ratio was 0.57. The lowest was 0.08. And the median was 0.32.

ADX:ADNOCLS's Cash-to-Debt is ranked worse than
87.2% of 969 companies
in the Transportation industry
Industry Median: 0.49 vs ADX:ADNOCLS: 0.08

ADNOC Logistics & Services Cash-to-Debt Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Cash-to-Debt Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.57

0.08

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22
Cash-to-Debt	0.57	0.08

Competitive Comparison of ADNOC Logistics & Services's Cash-to-Debt

For the Marine Shipping subindustry, ADNOC Logistics & Services'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.

ADNOC Logistics & Services's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Cash-to-Debt falls into.

ADNOC Logistics & Services 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.

ADNOC Logistics & Services'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)
	=	605.799	/	(35.878	+	7233.125)
	=	0.08

ADNOC Logistics & Services's Cash to Debt Ratio for the quarter 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)
	=	605.799	/	(35.878	+	7233.125)
	=	0.08

ADNOC Logistics & Services (ADX:ADNOCLS) 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.

ADNOC Logistics & Services Cash-to-Debt Related Terms

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

ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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