Paramount Resources (Paramount Resources) Cash-to-Debt : 1.68 (As of Dec. 2023)

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What is Paramount 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. Paramount Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.68.

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, Paramount Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PRMRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: No Debt
Current: 1.68

During the past 13 years, Paramount Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.01.

PRMRF's Cash-to-Debt is ranked better than
66.31% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs PRMRF: 1.68

Paramount Resources Cash-to-Debt Historical Data

The historical data trend for Paramount 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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Paramount Resources Cash-to-Debt Chart

Paramount Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

1.68

Paramount Resources 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															0.01	4.65	1.89	1.49	1.68

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

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

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

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

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

Paramount 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.

Paramount Resources'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)
	=	36.449	/	(2.236	+	19.529)
	=	1.67

Paramount Resources'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)
	=	36.449	/	(2.236	+	19.529)
	=	1.67

Paramount Resources (OTCPK:PRMRF) 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.

Paramount Resources Cash-to-Debt Related Terms

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Paramount Resources (Paramount Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paramount Resources Ltd (OTCPK:PRMRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PQ51:Germany POU:Canada

Address

888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5

Website

https://www.paramountres.com

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.

Paramount Resources (Paramount Resources) Headlines

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