Echelon Resources (ASX:ECH) Cash-to-Debt : 0.84 (As of Dec. 2024)

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What is Echelon Resources 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. Echelon Resources's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.84.

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, Echelon Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

ASX:ECH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: No Debt Max: No Debt
Current: 0.84

During the past 13 years, Echelon Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.78. And the median was No Debt.

ASX:ECH's Cash-to-Debt is ranked better than
57.39% of 988 companies
in the Oil & Gas industry
Industry Median: 0.52 vs ASX:ECH: 0.84

Echelon Resources Cash-to-Debt Historical Data

The historical data trend for Echelon Resources'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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Echelon Resources Cash-to-Debt Chart

Echelon Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.78

Echelon Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	125.86	0.78	0.84

Competitive Comparison of Echelon Resources's Cash-to-Debt

For the Oil & Gas E&P subindustry, Echelon Resources'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.

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

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

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

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Echelon Resources 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.

Echelon Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	38.174	/	(0	+	48.994)
	=	0.78

Echelon Resources's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	41.874	/	(0.247	+	49.77)
	=	0.84

Echelon Resources (ASX:ECH) 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.

Echelon Resources Cash-to-Debt Related Terms

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Echelon Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Echelon Resources Ltd (ASX:ECH) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

36 Tennyson Street, Level 1, Wellington, NZL, 6011

Website

https://www.nzog.com

Echelon Resources Ltd Formerly New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.