Omega Oil & Gas (ASX:OMA) Cash-to-Debt : 232.25 (As of Dec. 2023)

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What is Omega Oil & Gas 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. Omega Oil & Gas's cash to debt ratio for the quarter that ended in Dec. 2023 was 232.25.

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, Omega Oil & Gas 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 Omega Oil & Gas's Cash-to-Debt or its related term are showing as below:

ASX:OMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.51 Med: 232.25 Max: No Debt
Current: 232.25

During the past 2 years, Omega Oil & Gas's highest Cash to Debt Ratio was No Debt. The lowest was 9.51. And the median was 232.25.

ASX:OMA's Cash-to-Debt is ranked better than
86.94% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.485 vs ASX:OMA: 232.25

Omega Oil & Gas Cash-to-Debt Historical Data

The historical data trend for Omega Oil & Gas'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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Omega Oil & Gas Cash-to-Debt Chart

Omega Oil & Gas Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

9.51

Omega Oil & Gas Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	9.51	232.25

Competitive Comparison of Omega Oil & Gas's Cash-to-Debt

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

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

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

* The bar in red indicates where Omega Oil & Gas's Cash-to-Debt falls into.

Omega Oil & Gas 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.

Omega Oil & Gas's Cash to Debt Ratio for the fiscal year 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)
	=	2.158	/	(0.164	+	0.063)
	=	9.51

Omega Oil & Gas'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)
	=	19.277	/	(0.035	+	0.048)
	=	232.25

Omega Oil & Gas (ASX:OMA) 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.

Omega Oil & Gas Cash-to-Debt Related Terms

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Omega Oil & Gas (ASX:OMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Omega Oil & Gas Ltd (ASX:OMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Bligh Street, Suite 12.01, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.omegaoilandgas.com.au

Omega Oil & Gas Ltd s an early mover in an emerging play within the junior oil and gas space in Australia. The company is focused on preparation for the development of Petroleum Lease 17 (PL17), located in the Bennett and Leichardt Fields and Prospect 2037 and 2038 in Queensland, Australia.

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