Jadranski Naftovod DD (ZAG:JNAF) Cash-to-Debt : 41.55 (As of Mar. 2024)

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What is Jadranski Naftovod DD 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. Jadranski Naftovod DD's cash to debt ratio for the quarter that ended in Mar. 2024 was 41.55.

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, Jadranski Naftovod DD could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Jadranski Naftovod DD's Cash-to-Debt or its related term are showing as below:

ZAG:JNAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.15 Med: 68.09 Max: No Debt
Current: 41.55

During the past 13 years, Jadranski Naftovod DD's highest Cash to Debt Ratio was No Debt. The lowest was 4.15. And the median was 68.09.

ZAG:JNAF's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs ZAG:JNAF: 41.55

Jadranski Naftovod DD Cash-to-Debt Historical Data

The historical data trend for Jadranski Naftovod DD'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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Jadranski Naftovod DD Cash-to-Debt Chart

Jadranski Naftovod DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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90.97

56.06

103.30

206.73

230.28

Jadranski Naftovod DD 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															198.86	234.32	310.80	230.28	41.55

Competitive Comparison of Jadranski Naftovod DD's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Jadranski Naftovod DD'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.

Jadranski Naftovod DD's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Jadranski Naftovod DD 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.

Jadranski Naftovod DD'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)
	=	154.29	/	(0.242	+	0.428)
	=	230.28

Jadranski Naftovod DD'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)
	=	40.221	/	(0.223	+	0.745)
	=	41.55

Jadranski Naftovod DD (ZAG:JNAF) 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.

Jadranski Naftovod DD Cash-to-Debt Related Terms

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

Jadranski Naftovod DD (ZAG:JNAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jadranski Naftovod DD (ZAG:JNAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Miramarska cesta 24, Zagreb, HRV, 10000

Website

https://www.janaf.hr

Jadranski Naftovod DD is mainly engaged in oil transportation activities and storage of oil and refinery products. The company operates the JANAF system which is an international crude oil transportation system consists of crude oil handling terminals and pipelines in Sisak, Gola, Virje, Sotin and Slavonski Brod and the accompanying pumping and metering stations. It also involved in the reloading and storage of crude oil and oil products as well as provision of engineering and technical advisory services.

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