ARSLF (Altima Energy) Cash-to-Debt : 0.21 (As of Nov. 2024)

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What is Altima 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. Altima Energy's cash to debt ratio for the quarter that ended in Nov. 2024 was 0.21.

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, Altima Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

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

ARSLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: No Debt
Current: 0.21

During the past 13 years, Altima Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.05.

ARSLF's Cash-to-Debt is ranked worse than
67.17% of 984 companies
in the Oil & Gas industry
Industry Median: 0.545 vs ARSLF: 0.21

Altima Energy Cash-to-Debt Historical Data

The historical data trend for Altima 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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Altima Energy Cash-to-Debt Chart

Altima Energy Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Feb22

Feb23

Feb24

Cash-to-Debt

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0.04

0.05

0.10

0.03

0.12

Altima Energy Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.12	0.15	0.46	0.21

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

For the Oil & Gas E&P subindustry, Altima 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.

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

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

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

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Altima 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.

Altima Energy's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 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)
	=	0.179	/	(1.483	+	0.044)
	=	0.12

Altima Energy's Cash to Debt Ratio for the quarter that ended in Nov. 2024 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)
	=	0.61	/	(2.371	+	0.582)
	=	0.21

Altima Energy (OTCPK:ARSLF) 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.

Altima Energy Cash-to-Debt Related Terms

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Altima Energy Business Description

Industry

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Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

https://www.altimaenergy.com

Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.