Thai Oil PCL (Thai Oil PCL) Cash-to-Debt : 0.19 (As of Mar. 2024)

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What is Thai Oil PCL 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. Thai Oil PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.19.

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, Thai Oil PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Thai Oil PCL's Cash-to-Debt or its related term are showing as below:

TOIPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.59 Max: 1.11
Current: 0.19

During the past 13 years, Thai Oil PCL's highest Cash to Debt Ratio was 1.11. The lowest was 0.13. And the median was 0.59.

TOIPF's Cash-to-Debt is ranked worse than
69.95% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.48 vs TOIPF: 0.19

Thai Oil PCL Cash-to-Debt Historical Data

The historical data trend for Thai Oil PCL'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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Thai Oil PCL Cash-to-Debt Chart

Thai Oil PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.65

0.44

0.14

0.21

0.19

Thai Oil PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.26	0.19	0.19	0.19	0.19

Competitive Comparison of Thai Oil PCL's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Thai Oil PCL'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.

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

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

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

Thai Oil PCL 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.

Thai Oil PCL's Cash to Debt Ratio for the fiscal year 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)
	=	982.733	/	(419.132	+	4846.804)
	=	0.19

Thai Oil PCL's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1014.536	/	(224.664	+	5069.509)
	=	0.19

Thai Oil PCL (OTCPK:TOIPF) 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.

Thai Oil PCL Cash-to-Debt Related Terms

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

Thai Oil PCL (Thai Oil PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Thai Oil PCL (OTCPK:TOIPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TOIPY:USA TOP:Thailand LQZ1:Germany

Address

11th Floor, Vibhavadi Rangsit Road, 555/1 Energy Complex Building A, Kwang Chatuchak, Khet Chatuchak, Bangkok, THA, 10900

Website

https://www.thaioilgroup.com

Thai Oil PCL is a refiner and supplier of petroleum products. Based out of Thailand, the company's refinery unit produces the most revenue of its various business segments. Thai Oil's refined products primarily consist of middle-distillation fuels such as jet fuel, kerosene, and diesel fuel. Once refined, petroleum products can be transported by the midstream business, Thai Petroleum Pipeline. In addition to the transportation and refinery segments, Thai Oil produces aromatics, which are used in products like detergent. Power generation, alternative energy, and chemical production are also byproducts of Thai Oil and its many subsidiaries.

Thai Oil PCL (Thai Oil PCL) Headlines

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