Fenikso (AQSE:FNK) Cash-to-Debt : 0.12 (As of Jun. 2023)

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What is Fenikso 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. Fenikso's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.12.

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

AQSE:FNK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.33 Max: No Debt
Current: 0.12

During the past 12 years, Fenikso's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.33.

AQSE:FNK's Cash-to-Debt is ranked worse than
78.02% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs AQSE:FNK: 0.12

Fenikso Cash-to-Debt Historical Data

The historical data trend for Fenikso'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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Fenikso Cash-to-Debt Chart

Fenikso Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.51

0.14

0.21

0.02

Fenikso Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.21	No Debt	0.02	0.12

Competitive Comparison of Fenikso's Cash-to-Debt

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

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

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

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

Fenikso 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.

Fenikso'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)
	=	0.171	/	(1.658	+	6.074)
	=	0.02

Fenikso'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)
	=	0.866	/	(1.6	+	5.859)
	=	0.12

Fenikso (AQSE:FNK) 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.

Fenikso Cash-to-Debt Related Terms

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

Fenikso (AQSE:FNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fenikso Ltd (AQSE:FNK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LEKOF:USA L5K:Germany

Address

Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9008

Website

https://www.feniksoplc.com

Fenikso Ltd, formerly Lekoil Ltd is functional in the upstream oil and gas industry in Nigeria. The company's business involves exploring potential oil and natural gas and processing of the acquired crude reserves. In collaboration with its subsidiaries including Lekoil Nigeria Limited, Lekoil Exploration and Production (Pty) Limited and Lekoil Management Corporation, the company operates in its assets, which are based in Nigeria such as the Otakikpo marginal field, Nigeria Dahomey Basin OPL310 and Nigeria Dahomey Basin OPL 325. The Otakikpo marginal field lies in a coastal swamp location in Oil Mining Lease (OML) 11. The OPL 310 license located in the Upper Cretaceous fairway, runs along the West African Transform Margin. Lekoil also has projects in Namibia, United States and Cayman.