Tsakos Energy Navigation (STU:TK41) Cash-to-Debt : 0.26 (As of Jun. 2024)

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What is Tsakos Energy Navigation 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. Tsakos Energy Navigation's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.26.

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, Tsakos Energy Navigation couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Tsakos Energy Navigation's Cash-to-Debt or its related term are showing as below:

STU:TK41' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.14 Max: 0.33
Current: 0.26

During the past 13 years, Tsakos Energy Navigation's highest Cash to Debt Ratio was 0.33. The lowest was 0.08. And the median was 0.14.

STU:TK41's Cash-to-Debt is ranked worse than
63.86% of 996 companies
in the Oil & Gas industry
Industry Median: 0.515 vs STU:TK41: 0.26

Tsakos Energy Navigation Cash-to-Debt Historical Data

The historical data trend for Tsakos Energy Navigation'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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Tsakos Energy Navigation Cash-to-Debt Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.10

0.08

0.18

0.23

Tsakos Energy Navigation Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.25	0.23	0.21	0.26

Competitive Comparison of Tsakos Energy Navigation's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

Tsakos Energy Navigation's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tsakos Energy Navigation's Cash-to-Debt falls into.

Tsakos Energy Navigation 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.

Tsakos Energy Navigation'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)
	=	341.153	/	(196.304	+	1272.536)
	=	0.23

Tsakos Energy Navigation's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	438.279	/	(283.342	+	1433.035)
	=	0.26

Tsakos Energy Navigation (STU:TK41) 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.

Tsakos Energy Navigation Cash-to-Debt Related Terms

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

Tsakos Energy Navigation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (STU:TK41) » Definitions » Cash-to-Debt

Comparable Companies

NGL NAT PBT TK EE SMC SBR DLNG MMLP BROG TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

TENpF.PFD:USA TENpE.PFD:USA TEN:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

Tsakos Energy Navigation Headlines

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