Perkins Oil & Gas (Perkins Oil & Gas) Cash-to-Debt : 0.00 (As of Dec. 2018)

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What is Perkins Oil & Gas 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. Perkins Oil & Gas's cash to debt ratio for the quarter that ended in Dec. 2018 was 0.00.

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, Perkins Oil & Gas couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2018.

The historical rank and industry rank for Perkins Oil & Gas's Cash-to-Debt or its related term are showing as below:

OOIL's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Perkins Oil & Gas Cash-to-Debt Historical Data

The historical data trend for Perkins Oil & Gas'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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Perkins Oil & Gas Cash-to-Debt Chart

Perkins Oil & Gas Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Cash-to-Debt

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0.48

0.02

N/A

Perkins Oil & Gas Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Cash-to-Debt	Get a 7-Day Free Trial															-	0.04	-	-	-

Competitive Comparison of Perkins Oil & Gas's Cash-to-Debt

For the Oil & Gas E&P subindustry, Perkins Oil & Gas'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.

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

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

* The bar in red indicates where Perkins Oil & Gas's Cash-to-Debt falls into.

Perkins Oil & Gas 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.

Perkins Oil & Gas's Cash to Debt Ratio for the fiscal year that ended in Jun. 2018 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)
	=	0	/	(0.049	+	0.01)
	=	0.00

Perkins Oil & Gas's Cash to Debt Ratio for the quarter that ended in Dec. 2018 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)
	=	0	/	(0.066	+	0)
	=	0.00

Perkins Oil & Gas (OTCPK:OOIL) 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.

Perkins Oil & Gas Cash-to-Debt Related Terms

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Perkins Oil & Gas (Perkins Oil & Gas) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

17330 Preston Road, Suite 200D, Dallas, TX, USA, 75252

Website

http://www.perkinsoilgas.com

Perkins Oil & Gas Inc is active in the oil and gas sector. The company is an exploration-stage company. The company is engaged in the exploration and development of oil and gas properties. It is focused on pursuing the acquisition of additional leases and/or existing oil and gas wells. The firm has generated limited revenues from operations.

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