Tel Offshore Trust (Tel Offshore Trust) Cash-to-Debt : 0.18 (As of Mar. 2017)

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What is Tel Offshore Trust 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. Tel Offshore Trust's cash to debt ratio for the quarter that ended in Mar. 2017 was 0.18.

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, Tel Offshore Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2017.

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

TELOZ's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Tel Offshore Trust Cash-to-Debt Historical Data

The historical data trend for Tel Offshore Trust'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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Tel Offshore Trust Cash-to-Debt Chart

Tel Offshore Trust Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash-to-Debt

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No Debt

0.67

0.31

Tel Offshore Trust Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.06	0.02	-	0.18

Competitive Comparison of Tel Offshore Trust's Cash-to-Debt

For the Oil & Gas E&P subindustry, Tel Offshore Trust'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.

Tel Offshore Trust's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tel Offshore Trust's Cash-to-Debt falls into.

Tel Offshore Trust 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.

Tel Offshore Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 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	/	(1.057	+	0)
	=	0.00

Tel Offshore Trust's Cash to Debt Ratio for the quarter that ended in Mar. 2017 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)
	=	0.185	/	(1.057	+	0)
	=	0.18

Tel Offshore Trust (OTCPK:TELOZ) 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.

Tel Offshore Trust Cash-to-Debt Related Terms

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Tel Offshore Trust (Tel Offshore Trust) Business Description

Industry

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Address

Website

Tel Offshore Trust was created under the laws of the State of Texas in 1983 and maintains its offices at the office of The Bank of New York Mellon Trust Company, N.A. The main asset of the Trust consists of a 99.99% interest in the TEL Offshore Trust Partnership and royalty interest in various oil and gas properties located offshore of Louisiana. The Trustees distribute the Trust's income pro rata for each calendar quarter within 10 days after the end of each calendar quarter. Distributions of the Trust's income are made to Unit holders of record on the Quarterly Record Date, which is the last business day of each quarterly period, or such later date as the Trustees determine is required to comply with legal requirements. Each Unit is evidenced by a transferable certificate issued by the Corporate Trustee. Each unit ranks equally as to distributions, has one vote on any matter submitted to Unit holders and represents an undivided interest in the Trust, which in turn owns a 99.99% interest in the Partnership. Within 90 days of the close of each year, the net federal taxable income of the Trust for each quarterly period ending in such year is reported by the Trustees for federal tax purposes to the Unit holder of record to whom the Quarterly Income Amount was distributed.

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