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. Empire Petroleum's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.17.
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, Empire Petroleum 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 Empire Petroleum's Cash-to-Debt or its related term are showing as below:
EP'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.8 Max: No Debt
Current: 1.17
During the past 13 years, Empire Petroleum's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.80.
Empire Petroleum Cash-to-Debt Historical Data
The historical data trend for Empire Petroleum'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.
|
Empire Petroleum Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
- |
0.02 |
0.38 |
1.49 |
1.17 |
|
Empire Petroleum 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.49 |
0.85 |
0.18 |
0.66 |
1.17 |
Competitive Comparison
For the Oil & Gas E&P subindustry, Empire Petroleum'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.
Empire Petroleum Cash-to-Debt Distribution
For the Oil & Gas industry and Energy sector, Empire Petroleum's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Empire Petroleum's Cash-to-Debt falls into.
Empire Petroleum 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.
Empire Petroleum's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Empire Petroleum's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Empire Petroleum (Empire Petroleum) Business Description
Traded in Other Exchanges
N/A
Address
2200 South Utica Place, Suite 150, Tulsa, OK, USA, 74114
Empire Petroleum Corp is engaged in the exploration and development of oil and natural gas in the United States. All of the company's producing properties are located in Louisiana, Texas, North Dakota, and New Mexico. It generates revenue from Oil and Gas sales.
Executives
| Marchive Benjamin J. Ii |
director |
1021 MAIN STREET, SUITE 2626, HOUSTON TX 77002-6516 |
| Energy Evolution Master Fund, Ltd. |
10 percent owner |
25025 I-45 NORTH, SUITE 420, THE WOODLANDS TX 77380 |
| J Kevin Vann |
officer: VP, Finance/Strategic Planning |
ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172 |
| Phil E Mulacek |
10 percent owner |
25025 I 45 NORTH, SUITE 420, THE WOODLANDS TX 77380 |
| Mason H. Matschke |
director |
25025 I-45 NORTH, SUITE 420, THE WOODLANDS TX 77380 |
| Faulkner Stephen L Jr |
officer: Controller and Chief Acctg Ofc |
3500 ONE WILLIAMS CENTER, TULSA OK 74172 |
| Eugene J Sweeney |
officer: Chief Operating Officer |
151 W BURTON PL, CHICAGO IL 60610 |
| Michael R. Morrisett |
10 percent owner |
3803 S. TRENTON AVENUE, TULSA OK 74105-3324 |
| Thomas W. Pritchard |
officer: Chief Executive Officer |
15798 SPYGLASS HILL LOOP, GAINESVILLE VA 20155 |
| Andrew Lloyd Lewis |
director |
2200 S. UTICA PLACE, SUITE 150, TULSA OK 74114 |
| Angela M Baker |
officer: Chief Accounting Officer |
2200 S. UTICA PLACE, SUITE 150, TULSA OK 74114 |
| Puckett Land Co |
10 percent owner |
5460 S. QUEBEC ST., SUITE 250, GREENWOOD VILLAGE CO 80111 |
| Tony Kamin |
director, 10 percent owner |
619 BLUFF STREET, GLENCOE IL 60022 |
| Gary C Adams |
10 percent owner |
1437 S. BOULDER AVENUE, SUITE 930, TULSA OK 74119 |
| Empire Petroleum Holdings, Llc |
10 percent owner |
3803 S. TRENTON AVENUE, TULSA OK 74105-3324 |
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