Japan Petroleum Exploration Co (Japan Petroleum Exploration Co) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Dec. 2023)

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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. Japan Petroleum Exploration Co'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, Japan Petroleum Exploration Co 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 Japan Petroleum Exploration Co's Cash-to-Debt or its related term are showing as below:

JPTXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.76 Med: 1.36 Max: No Debt
Current: 332.68

During the past 13 years, Japan Petroleum Exploration Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.76. And the median was 1.36.

JPTXF's Cash-to-Debt is ranked better than
87.38% of 1022 companies
in the Oil & Gas industry
Industry Median: 0.505 vs JPTXF: 332.68

Japan Petroleum Exploration Co Cash-to-Debt Historical Data

The historical data trend for Japan Petroleum Exploration Co'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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Japan Petroleum Exploration Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.94

1.31

1.47

195.15

382.32

Japan Petroleum Exploration Co 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																No Debt	382.32	No Debt	No Debt	No Debt

Competitive Comparison

For the Oil & Gas E&P subindustry, Japan Petroleum Exploration Co'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.

Japan Petroleum Exploration Co Cash-to-Debt Distribution

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

* The bar in red indicates where Japan Petroleum Exploration Co's Cash-to-Debt falls into.

Japan Petroleum Exploration Co 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.

Japan Petroleum Exploration Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1458.55	/	(1.945	+	1.87)
	=	382.32

Japan Petroleum Exploration Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Japan Petroleum Exploration Co had no debt ⁽¹⁾.

Japan Petroleum Exploration Co (OTCPK:JPTXF) 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.

Japan Petroleum Exploration Co Cash-to-Debt Related Terms

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Japan Petroleum Exploration Co (Japan Petroleum Exploration Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Japan Petroleum Exploration Co Ltd (OTCPK:JPTXF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1662:Japan JP9:Germany

Address

Sapia Tower, 1-7-12, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.japex.co.jp

Japan Petroleum Exploration Co Ltd is a drilling and exploration company that specializes in the production of crude oil and liquefied natural gas. Majority of the company's revenue is derived from oil and gas fields in Japan, with additional production coming from various international positions. Japan Petroleum Exploration serves natural gas to electric power companies, local distribution companies, and various industrial users. It also supplies and sells crude oil to petroleum refiners and trading companies.

Japan Petroleum Exploration Co (Japan Petroleum Exploration Co) Cash-to-Debt

Japan Petroleum Exploration Co Cash-to-Debt Historical Data

Japan Petroleum Exploration Co Cash-to-Debt Calculation

Japan Petroleum Exploration Co Cash-to-Debt Related Terms

Japan Petroleum Exploration Co (Japan Petroleum Exploration Co) Business Description

Japan Petroleum Exploration Co (Japan Petroleum Exploration Co) Headlines