Texon Petroleum Limited (ASX:TXN) Cash-to-Debt : 0.00 (As of . 20)

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What is Texon Petroleum Limited 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. Texon Petroleum Limited's cash to debt ratio for the quarter that ended in . 20 was 0.00.

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, Texon Petroleum Limited couldn't pay off its debt using the cash in hand for the quarter that ended in . 20.

The historical rank and industry rank for Texon Petroleum Limited's Cash-to-Debt or its related term are showing as below:

ASX:TXN' s Cash-to-Debt Range Over the Past 10 Years
Min: 39.73 Med: 110.57 Max: No Debt
Current: 70.26

During the past 6 years, Texon Petroleum Limited's highest Cash to Debt Ratio was No Debt. The lowest was 39.73. And the median was 110.57.

ASX:TXN's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs ASX:TXN: 70.26

Texon Petroleum Limited Cash-to-Debt Historical Data

The historical data trend for Texon Petroleum Limited'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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Texon Petroleum Limited Cash-to-Debt Chart

Texon Petroleum Limited Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Cash-to-Debt

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150.88

39.73

64.74

193.10

70.26

Texon Petroleum Limited Quarterly Data

Cash-to-Debt

Competitive Comparison of Texon Petroleum Limited's Cash-to-Debt

For the Oil & Gas E&P subindustry, Texon Petroleum Limited'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.

Texon Petroleum Limited's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Texon Petroleum Limited's Cash-to-Debt falls into.

Texon Petroleum Limited 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.

Texon Petroleum Limited's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 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)
	=	13.419	/	(0.191	+	0)
	=	70.26

Texon Petroleum Limited's Cash to Debt Ratio for the quarter that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Texon Petroleum Limited (ASX:TXN) 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.

Texon Petroleum Limited Cash-to-Debt Related Terms

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