Shoreline Energy (Shoreline Energy) Cash-to-Debt : 0.11 (As of Sep. 2015)

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What is Shoreline Energy 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. Shoreline Energy's cash to debt ratio for the quarter that ended in Sep. 2015 was 0.11.

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, Shoreline Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2015.

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

SHGCF'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.

Shoreline Energy Cash-to-Debt Historical Data

The historical data trend for Shoreline Energy'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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Shoreline Energy Cash-to-Debt Chart

Shoreline Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Cash-to-Debt

No Debt

0.02

0.01

0.27

Shoreline Energy Quarterly Data
	Sep10	Dec10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.27	0.17	0.13	0.11

Competitive Comparison of Shoreline Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, Shoreline Energy'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.

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

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

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

Shoreline Energy 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.

Shoreline Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2014 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)
	=	3.988	/	(14.742	+	0)
	=	0.27

Shoreline Energy's Cash to Debt Ratio for the quarter that ended in Sep. 2015 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)
	=	1.428	/	(12.815	+	0)
	=	0.11

Shoreline Energy (OTCPK:SHGCF) 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.

Shoreline Energy Cash-to-Debt Related Terms

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Shoreline Energy (Shoreline Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shoreline Energy Corp (OTCPK:SHGCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.shorelineenergy.ca

Shoreline Energy Corp. is a Canadian junior crude oil & natural gas exploration and production company. The Company is engaged in the business of exploring for, developing and producing crude oil and natural gas in Alberta.

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