Gulf Coast Ultra Deep Royalty Trust (Gulf Coast Ultra Deep Royalty Trust) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Gulf Coast Ultra Deep Royalty Trust 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. Gulf Coast Ultra Deep Royalty Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Gulf Coast Ultra Deep Royalty Trust could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Gulf Coast Ultra Deep Royalty Trust's Cash-to-Debt or its related term are showing as below:

GULTU' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Gulf Coast Ultra Deep Royalty Trust's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

GULTU's Cash-to-Debt is ranked better than
99.9% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs GULTU: No Debt

Gulf Coast Ultra Deep Royalty Trust Cash-to-Debt Historical Data

The historical data trend for Gulf Coast Ultra Deep Royalty Trust'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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Gulf Coast Ultra Deep Royalty Trust Cash-to-Debt Chart

Gulf Coast Ultra Deep Royalty Trust Annual Data

Trend

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Cash-to-Debt

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No Debt

Gulf Coast Ultra Deep Royalty Trust 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	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gulf Coast Ultra Deep Royalty Trust's Cash-to-Debt

For the Oil & Gas E&P subindustry, Gulf Coast Ultra Deep Royalty Trust'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.

Gulf Coast Ultra Deep Royalty Trust's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulf Coast Ultra Deep Royalty Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gulf Coast Ultra Deep Royalty Trust's Cash-to-Debt falls into.

Gulf Coast Ultra Deep Royalty Trust 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.

Gulf Coast Ultra Deep Royalty Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Gulf Coast Ultra Deep Royalty Trust had no debt ⁽¹⁾.

Gulf Coast Ultra Deep Royalty Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Gulf Coast Ultra Deep Royalty Trust had no debt ⁽¹⁾.

Gulf Coast Ultra Deep Royalty Trust (OTCPK:GULTU) 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.

Gulf Coast Ultra Deep Royalty Trust Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Gulf Coast Ultra Deep Royalty Trust's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Gulf Coast Ultra Deep Royalty Trust (Gulf Coast Ultra Deep Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Coast Ultra Deep Royalty Trust (OTCPK:GULTU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, 16th Floor, Houston, TX, USA, 77002

Website

https://gultu.q4web.com

Gulf Coast Ultra Deep Royalty Trust is a statutory trust. It holds overriding royalty interests in future production from each of McMoRan Oil & Gas LLC's Inboard Lower Tertiary/Cretaceous exploration prospects located in South Louisiana. The Royalty Trust holds short-term investments acquired with funds that it holds for the payment of its administrative and other expenses. The company's subject interests consist of approximately Inboard Lower Tertiary/Cretaceous. Its offshore subject interests consist of exploration prospects, including Barataria; Barbosa; Blackbeard East; Blackbeard West; Bonnet; Calico Jack; Captain Blood; Davy Jones; Davy Jones West; Drake; England; Hook and Hurricane, Lafitte, Morgan. The onshore subject interests consist of Highlander, Lineham Creek, and Tortuga.

Executives

Magnolia Oil & Gas Corp	10 percent owner	NINE GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Montex Highlander, Llc	10 percent owner	420 THROCKMORTON STREET, SUITE 550, FORT WORTH TX 76102
Neil S Subin	10 percent owner	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Freeport Mcmoran Copper & Gold Inc	10 percent owner	333 NORTH CENTRAL AVENUE, PHOENIX AZ 85004
Highlander Oil & Gas Assets Llc	10 percent owner	NINE GREENWAY PLAZA, SUITE 1400, HOUSTON TX 77046
Miller Lloyd I Iii	10 percent owner
Mount Kellett Capital Management Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fig Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 46 FLOOR, NEW YORK NY 10105
Fortress Investment Group Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Fortress Operating Entity I Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fig Corp.	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Mk Advisors Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Leon G Cooperman	10 percent owner	7118 MELROSE CASTLE LANE, BOCA RATON FL 33496

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Gulf Coast Ultra Deep Royalty Trust (Gulf Coast Ultra Deep Royalty Trust) Cash-to-Debt : No Debt (1) (As of Dec. 2023)