TORC Oil & Gas (TORC Oil & Gas) Cash-to-Debt : 0.00 (As of Sep. 2020)

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What is TORC Oil & Gas 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. TORC Oil & Gas's cash to debt ratio for the quarter that ended in Sep. 2020 was 0.00.

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, TORC Oil & Gas couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

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

During the past 13 years, TORC Oil & Gas's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.11.

VREYF's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

TORC Oil & Gas Cash-to-Debt Historical Data

The historical data trend for TORC Oil & Gas'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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TORC Oil & Gas Cash-to-Debt Chart

TORC Oil & Gas Annual Data

Trend

Dec10

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Dec15

Dec16

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Dec19

Cash-to-Debt

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TORC Oil & Gas Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of TORC Oil & Gas's Cash-to-Debt

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

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

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

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

TORC Oil & Gas 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.

TORC Oil & Gas's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	0.405	/	(0	+	235.056)
	=	0.00

TORC Oil & Gas's Cash to Debt Ratio for the quarter that ended in Sep. 2020 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	/	(45.887	+	216.28)
	=	0.00

TORC Oil & Gas (OTCPK:VREYF) 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.

TORC Oil & Gas Cash-to-Debt Related Terms

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TORC Oil & Gas (TORC Oil & Gas) Business Description

Industry

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

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Traded in Other Exchanges

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Address

525-8th Avenue SW, Suite 1800, Eighth Avenue Place, Calgary, AB, CAN, T2P 1G1

Website

http://www.torcoil.com

TORC Oil & Gas Ltd engages in the exploration, development, and production of oil and natural gas reserves in the southeast Saskatchewan area. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets. TORC gains access to its assets through government issued royalties and uses various techniques to identify hydrocarbon reservoirs. The company focuses heavily on light oil resource plays and relies on a three-phased strategy of resource capture, delineation, and production growth.

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