United Oil & Gas (LSE:UOG) Cash-to-Debt : 0.31 (As of Jun. 2023)

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What is United 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. United Oil & Gas's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.31.

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

LSE:UOG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 48.7 Max: No Debt
Current: 0.31

During the past 8 years, United Oil & Gas's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 48.70.

LSE:UOG's Cash-to-Debt is ranked worse than
60.27% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs LSE:UOG: 0.31

United Oil & Gas Cash-to-Debt Historical Data

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

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

48.70

0.46

0.16

0.44

United Oil & Gas Semi-Annual Data
	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											0.53	0.16	1.75	0.44	0.31

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

For the Oil & Gas E&P subindustry, United 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.

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

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

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

United 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.

United Oil & Gas'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)
	=	1.104	/	(2.502	+	0.006)
	=	0.44

United Oil & Gas'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)
	=	0.439	/	(1.403	+	0.006)
	=	0.31

United Oil & Gas (LSE:UOG) 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.

United Oil & Gas Cash-to-Debt Related Terms

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

United Oil & Gas (LSE:UOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Oil & Gas PLC (LSE:UOG) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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