PAO Sovcomflot (MIC:FLOT) Cash-to-Debt : 0.66 (As of Jun. 2023)

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What is PAO Sovcomflot 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. PAO Sovcomflot's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.66.

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

MIC:FLOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.66
Current: 0.66

During the past 9 years, PAO Sovcomflot's highest Cash to Debt Ratio was 0.66. The lowest was 0.08. And the median was 0.12.

MIC:FLOT's Cash-to-Debt is ranked better than
55.21% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs MIC:FLOT: 0.66

PAO Sovcomflot Cash-to-Debt Historical Data

The historical data trend for PAO Sovcomflot'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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PAO Sovcomflot Cash-to-Debt Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.10

0.08

0.12

0.26

0.20

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.27	0.23	0.20	0.66

Competitive Comparison of PAO Sovcomflot's Cash-to-Debt

For the Oil & Gas Midstream subindustry, PAO Sovcomflot'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.

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

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

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

PAO Sovcomflot 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.

PAO Sovcomflot's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	45396.384	/	(22377.684	+	201450.171)
	=	0.20

PAO Sovcomflot'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)
	=	87324.646	/	(41126.51	+	91260.371)
	=	0.66

PAO Sovcomflot (MIC:FLOT) 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.

PAO Sovcomflot Cash-to-Debt Related Terms

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

PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.