Montage Resources (Montage Resources) Cash-to-Debt : 0.01 (As of Sep. 2020)

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What is Montage Resources 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. Montage Resources's cash to debt ratio for the quarter that ended in Sep. 2020 was 0.01.

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, Montage Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

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

MR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: No Debt
Current: 0.01

During the past 8 years, Montage Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.17.

MR's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs MR: 0.01

Montage Resources Cash-to-Debt Historical Data

The historical data trend for Montage Resources'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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Montage Resources Cash-to-Debt Chart

Montage Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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0.35

0.41

0.04

0.01

0.02

Montage Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Competitive Comparison of Montage Resources's Cash-to-Debt

For the Oil & Gas E&P subindustry, Montage Resources'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.

Montage Resources's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Montage Resources 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.

Montage Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	12.056	/	(12.666	+	655.11)
	=	0.02

Montage Resources's Cash to Debt Ratio for the quarter that ended in Sep. 2020 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)
	=	4.013	/	(12.773	+	691.427)
	=	0.01

Montage Resources (NYSE:MR) 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.

Montage Resources Cash-to-Debt Related Terms

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

Montage Resources (Montage Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Montage Resources Corp (NYSE:MR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

122 West John Carpenter Freeway, Suite 300, Irving, TX, USA, 75039

Website

http://www.montageresources.com

Montage Resources Corp is an exploration and production company with approximately 227,000 net effective undeveloped acres currently focused on the Utica and Marcellus Shales of southeast Ohio, West Virginia and North Central Pennsylvania. The company's only segments are oil and natural gas exploration and production.

Executives

Burroughs Mark E Jr	director	1100 LOUISIANA STREET SUITE 4900 HOUSTON TX 77002
D Martin Phillips	director	1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Richard D Paterson	director	5 GREEWAY PLAZA SUITE 100, HOUSTON TX 77046
Randall M Albert	director	5 PENN CENTER WEST, SUITE 401, PITTSBURGH PA 15276
Swanson Douglas E Jr	director	1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
Timothy J. Loos	officer: SVP Accounting and Finance	122 WEST JOHN CARPENTER FREEWAY SUITE 300 IRVING TX 75039
Matthew Rucker	officer: EVP & Chief Operating Officer	713 MARKET DR, OKLAHOMA CITY OK 73114
Michael L Hodges	officer: EVP & Chief Financial Officer	C/O GULFPORT ENERGY CORP, 713 MARKET DR, OKLAHOMA CITY OK 73114
Paul M Johnston	officer: EVP & General Counsel	777 POST OAK BLVD #650 HOUSTON TX 77056
John K. Reinhart	director, officer: President and CEO	713 MARKET DR, OKLAHOMA CITY OK 73114
Oleg E Tolmachev	other: Former EVP & COO	2121 OLD GATESBURG ROAD SUITE 110 STATE COLLEGE PA 16803
Michael Jennings	director	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Robert L Zorich	director	1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
Eugene I Davis	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Todd Bart	officer: VP & Chief Accounting Officer	2121 OLD GATESBURG ROAD, SUITE 110, STATE COLLEGE PA 16801