CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is CorEnergy Infrastructure 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. CorEnergy Infrastructure Trust's cash to debt ratio for the quarter that ended in Sep. 2023 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, CorEnergy Infrastructure Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

CORRQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.99
Current: 0.01

During the past 13 years, CorEnergy Infrastructure Trust's highest Cash to Debt Ratio was 0.99. The lowest was 0.01. And the median was 0.09.

CORRQ's Cash-to-Debt is ranked worse than
89.55% of 804 companies
in the REITs industry
Industry Median: 0.09 vs CORRQ: 0.01

CorEnergy Infrastructure Trust Cash-to-Debt Historical Data

The historical data trend for CorEnergy Infrastructure 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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CorEnergy Infrastructure Trust Cash-to-Debt Chart

CorEnergy Infrastructure Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.46

0.80

0.87

0.05

0.08

CorEnergy Infrastructure Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.08	0.04	0.04	0.01

Competitive Comparison of CorEnergy Infrastructure Trust's Cash-to-Debt

For the REIT - Specialty subindustry, CorEnergy Infrastructure 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.

CorEnergy Infrastructure Trust's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CorEnergy Infrastructure Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CorEnergy Infrastructure Trust's Cash-to-Debt falls into.

CorEnergy Infrastructure 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.

CorEnergy Infrastructure Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	17.83	/	(100.334	+	121.02)
	=	0.08

CorEnergy Infrastructure Trust's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3.048	/	(103.716	+	123.017)
	=	0.01

CorEnergy Infrastructure Trust (OTCPK:CORRQ) 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.

CorEnergy Infrastructure Trust Cash-to-Debt Related Terms

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

CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CorEnergy Infrastructure Trust Inc (OTCPK:CORRQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CORRL.PFD:USA

Address

1100 Walnut, Suite 3350, Kansas, MO, USA, 64106

Website

https://www.corenergy.reit

CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.

Executives

Christopher M. Huffman	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64119
Robert L Waldron	officer: President and CFO	1100 WALNUT, SUITE 3350, KANSAS MO 64106
John D Grier	director, officer: Chief Operating Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C. Kreul	officer: President - Mowood and MoGas	1100 WALNUT STREET, KANSAS CITY MO 64106
Arkan Haile	director	1100 WALNUT STREET, KANSAS CITY MO 64106
Catherine A. Lewis	director	325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Todd E. Banks	director	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
David J Schulte	officer: President and CEO	233 WEST 47TH ST., KANSAS CITY MO 64112
Larry W Alexander	officer: President of Crimson Midstream	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Jeffrey E. Fulmer	officer: Executive Vice President	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Rebecca M Sandring	officer: Treasurer	4200 W. 115TH STREET, LEAWOOD KS 66211
Kristin M Leitze	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Nate Poundstone	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C Green	director	4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211