CanAsia Energy (CanAsia Energy) Cash-to-Debt : 560.85 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is CanAsia Energy 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. CanAsia Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 560.85.

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, CanAsia Energy 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 CanAsia Energy's Cash-to-Debt or its related term are showing as below:

CECAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 504.78 Med: 524.08 Max: 543.39
Current: 543.39

During the past 2 years, CanAsia Energy's highest Cash to Debt Ratio was 543.39. The lowest was 504.78. And the median was 524.08.

CECAF's Cash-to-Debt is ranked better than
87.63% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs CECAF: 543.39

CanAsia Energy Cash-to-Debt Historical Data

The historical data trend for CanAsia Energy'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.

* Premium members only.

CanAsia Energy Cash-to-Debt Chart

CanAsia Energy Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

514.46

560.85

CanAsia Energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			514.46	445.33	915.80	208.80	560.85

Competitive Comparison of CanAsia Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, CanAsia Energy'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.

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

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

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

CanAsia Energy 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.

CanAsia Energy'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)
	=	7.291	/	(0.013	+	0)
	=	560.85

CanAsia Energy'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)
	=	7.291	/	(0.013	+	0)
	=	560.85

CanAsia Energy (OTCPK:CECAF) 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.

CanAsia Energy Cash-to-Debt Related Terms

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

CanAsia Energy (CanAsia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CanAsia Energy Corp (OTCPK:CECAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CEC:Canada

Address

3rd Street SW, Unit 1505, 505, Calgary, AB, CAN, T2P 3E6

Website

https://canasiacorp.com

CanAsia Energy Corp is a Calgary, Alberta-based oil and gas exploration and production company with operations located at Sawn Lake, Alberta.

CanAsia Energy (CanAsia Energy) Headlines

No Headlines