Journey Energy (Journey Energy) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Journey 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. Journey Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, Journey Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

JRNGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: 0.28
Current: 0.28

During the past 11 years, Journey Energy's highest Cash to Debt Ratio was 0.28. The lowest was 0.02. And the median was 0.16.

JRNGF's Cash-to-Debt is ranked worse than
62.96% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs JRNGF: 0.28

Journey Energy Cash-to-Debt Historical Data

The historical data trend for Journey 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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Journey Energy Cash-to-Debt Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.24

0.29

0.28

Journey Energy 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															0.29	0.24	0.13	0.20	0.28

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

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

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

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

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

Journey 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.

Journey 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)
	=	13.204	/	(37.87	+	8.616)
	=	0.28

Journey 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)
	=	13.204	/	(37.87	+	8.616)
	=	0.28

Journey Energy (OTCPK:JRNGF) 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.

Journey Energy Cash-to-Debt Related Terms

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

Journey Energy (Journey Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (OTCPK:JRNGF) » Definitions » Cash-to-Debt

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17J:Germany JOY:Canada

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Journey Energy (Journey Energy) Headlines

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