Avance Gas Holding (Avance Gas Holding) Cash-to-Debt

: 0.25 (As of Dec. 2023)

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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. Avance Gas Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Avance Gas Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Avance Gas Holding's Cash-to-Debt or its related term are showing as below:

AVACF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.19 Max: 0.5
Current: 0.25

During the past 11 years, Avance Gas Holding's highest Cash to Debt Ratio was 0.50. The lowest was 0.10. And the median was 0.19.

AVACF's Cash-to-Debt is ranked worse than
65.26% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.505 vs AVACF: 0.25

Avance Gas Holding Cash-to-Debt Historical Data

The historical data trend for Avance Gas Holding'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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Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.19

0.18

0.26

0.50

0.25

Avance Gas Holding 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																0.50	0.44	0.35	0.27	0.25

Competitive Comparison

For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.

Avance Gas Holding Cash-to-Debt Distribution

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

* The bar in red indicates where Avance Gas Holding's Cash-to-Debt falls into.

Avance Gas Holding 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.

Avance Gas Holding'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)
	=	131.448	/	(69.856	+	454.434)
	=	0.25

Avance Gas Holding'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)
	=	131.448	/	(69.856	+	454.434)
	=	0.25

Avance Gas Holding (OTCPK:AVACF) 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.

Avance Gas Holding Cash-to-Debt Related Terms

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Avance Gas Holding (Avance Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OTCPK:AVACF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (Avance Gas Holding) Headlines

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