Zion Oil & Gas (Zion Oil & Gas) Cash-to-Debt : 3.22 (As of Dec. 2023)

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What is Zion 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. Zion Oil & Gas's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.22.

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

ZNOG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.25 Med: 3.35 Max: No Debt
Current: 3.22

During the past 13 years, Zion Oil & Gas's highest Cash to Debt Ratio was No Debt. The lowest was 1.25. And the median was 3.35.

ZNOG's Cash-to-Debt is ranked better than
71.96% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs ZNOG: 3.22

Zion Oil & Gas Cash-to-Debt Historical Data

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

Zion Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.48

3.32

12.59

8.34

3.22

Zion Oil & Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															8.34	5.83	6.56	2.08	3.22

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

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

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

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

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

Zion 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.

Zion Oil & Gas'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)
	=	0.615	/	(0.167	+	0.024)
	=	3.22

Zion 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)
	=	0.615	/	(0.167	+	0.024)
	=	3.22

Zion Oil & Gas (OTCPK:ZNOG) 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.

Zion Oil & Gas Cash-to-Debt Related Terms

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

Zion Oil & Gas (Zion Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zion Oil & Gas Inc (OTCPK:ZNOG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12655 North Central Expressway, Suite 1000, Dallas, TX, USA, 75243

Website

https://www.zionoil.com

Zion Oil & Gas Inc is the United States-based oil and gas exploration and production company. Zion currently holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License covering an area of approximately 99,000 acres.

Executives

Pandji Christiaan Putra	director	12655 NORTH CENTRAL EXPRESSWAY, 1000, DALLAS TX 75243
Starr Frank F Ii	director	420 COMMERCE STREET, SUITE 200, FORT WORTH TX 76102
Javier A Mazon	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75231
Amotz Agnon	director	9 HALAMISH STREET, CAESAREA L3 3088900
Gene Scammahorn	director	3504 LAKEBLUFF WAY, PLANO TX 75093
Virginia Prodan	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
John Seery	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
Brad Dacus	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
Sarah Caygill	director	47 AVENUE BLANC, 7TH FLOOR, GENEVA V8 1202
Jeffrey Moskowitz	director, officer: SVP of Israel Branch	9 HALAMISH STREET, CAESAREA L3 L3
Lee R Russell	director	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
Croswell Michael B. Jr.	officer: CFO	12655 NORTH CENTRAL EXPRESSWAY, DALLAS TX 75243
Robert William Dunn	director, officer: CEO	12655 NORTH CENTRAL EXPRESSWAY, SUITE 1000, DALLAS TX 75243
William H Avery	officer: Corp. Executive Vice President	9480 GATETRAIL, DALLAS TX 75238
Victor G Carrillo	director, officer: President & COO	10520 GALSWORTHY LANE, AUSTIN TX 78739