Logan energy (FRA:R76) Cash-to-Debt : 29.23 (As of Jun. 2024)

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What is Logan 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. Logan energy's cash to debt ratio for the quarter that ended in Jun. 2024 was 29.23.

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, Logan energy could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

FRA:R76' s Cash-to-Debt Range Over the Past 10 Years
Min: 29.19 Med: 392.23 Max: 473.92
Current: 29.19

During the past 2 years, Logan energy's highest Cash to Debt Ratio was 473.92. The lowest was 29.19. And the median was 392.23.

FRA:R76's Cash-to-Debt is ranked better than
81.27% of 993 companies
in the Oil & Gas industry
Industry Median: 0.5 vs FRA:R76: 29.19

Logan energy Cash-to-Debt Historical Data

The historical data trend for Logan 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.

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Logan energy Cash-to-Debt Chart

Logan energy Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

361.66

Logan energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial				-	472.39	361.66	427.01	29.23

Competitive Comparison of Logan energy's Cash-to-Debt

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

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

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

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

Logan 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.

Logan 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)
	=	36.889	/	(0.092	+	0.01)
	=	361.66

Logan energy'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)
	=	1.286	/	(0.041	+	0.003)
	=	29.23

Logan energy (FRA:R76) 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.

Logan energy Cash-to-Debt Related Terms

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Logan energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Logan energy Corp (FRA:R76) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

LOECF:USA LGN:Canada

Address

308 - 4 Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 3C4

Website

https://www.loganenergycorp.com

Logan energy corp is a growth-oriented exploration, development and production company. It is founded with strong initial capitalization and three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia. The company carries on the exploration,development and production of oil and natural gas.

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