TAG Oil (TAG Oil) Cash-to-Debt : 53.18 (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is TAG Oil 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. TAG Oil's cash to debt ratio for the quarter that ended in Sep. 2023 was 53.18.

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, TAG Oil could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TAOIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.44 Med: 165.4 Max: No Debt
Current: 53.06

During the past 13 years, TAG Oil's highest Cash to Debt Ratio was No Debt. The lowest was 1.44. And the median was 165.40.

TAOIF's Cash-to-Debt is ranked better than
82.71% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs TAOIF: 53.06

TAG Oil Cash-to-Debt Historical Data

The historical data trend for TAG Oil'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.

* Premium members only.

TAG Oil Cash-to-Debt Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

1.60

346.21

174.89

27.07

45.06

TAG Oil 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															21.72	44.62	45.06	39.53	53.18

Competitive Comparison of TAG Oil's Cash-to-Debt

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

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

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

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

TAG Oil 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.

TAG Oil'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)
	=	15.095	/	(0.113	+	0.222)
	=	45.06

TAG Oil'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)
	=	17.921	/	(0.152	+	0.185)
	=	53.18

TAG Oil (OTCPK:TAOIF) 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.

TAG Oil Cash-to-Debt Related Terms

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

TAG Oil (TAG Oil) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.