Tethys Petroleum (Tethys Petroleum) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Sep. 2023)

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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. Tethys Petroleum's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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

(1) 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.

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

TETHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: No Debt
Current: 3.69

During the past 13 years, Tethys Petroleum's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.11.

TETHF's Cash-to-Debt is ranked better than
72.92% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.51 vs TETHF: 3.69

Tethys Petroleum Cash-to-Debt Historical Data

The historical data trend for Tethys Petroleum'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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Tethys Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.10

0.02

0.32

1.41

5.79

Tethys Petroleum 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																3.19	5.79	2.72	No Debt	No Debt

Competitive Comparison

For the Oil & Gas E&P subindustry, Tethys Petroleum'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.

Tethys Petroleum Cash-to-Debt Distribution

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

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

Tethys Petroleum 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.

Tethys Petroleum's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	14.538	/	(2.51	+	0)
	=	5.79

Tethys Petroleum's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Tethys Petroleum had no debt ⁽¹⁾.

Tethys Petroleum (OTCPK:TETHF) 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.

Tethys Petroleum Cash-to-Debt Related Terms

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Tethys Petroleum (Tethys Petroleum) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TPL:Canada

Address

190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9005

Website

https://www.tethys-group.com

Tethys Petroleum Ltd is engaged in the acquisition of and exploration and development of crude oil and natural gas field. The company currently operated in Kazakhstan and others. Its projects include Kyzyloi Production Contract; Akkulka Exploration Contract and Kul-Bas Block.

Tethys Petroleum (Tethys Petroleum) Headlines

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