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Xstate ResourcesASX:XST Cash-to-Debt is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. The stock has 2 warning signs investors should review. Among 987 Oil & Gas companies, Xstate Resources ranks better than 99.9% on this metric.
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. Xstate Resources's cash to debt ratio for the quarter that ended in Dec. 2025 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, Xstate Resourcescould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
(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 Xstate Resources's Cash-to-Debt or its related term are showing as below:
ASX:XST'
s Cash-to-Debt Range Over the Past 10 Years
Min: 12.16 Med: No Debt Max: No Debt
Current: No Debt
During the past 13 years, Xstate Resources's highest Cash to Debt Ratio was No Debt. The lowest was 12.16. And the median was No Debt.
ASX:XST's Cash-to-Debt is ranked better than 99.9% of 987
companies
in the Oil & Gas industry
Industry Median: 0.56
vs ASX:XST: No Debt
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.
Xstate Resources Cash-to-Debt Related Terms
Xstate Resources Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Xstate 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.
For the Oil & Gas E&P subindustry, Xstate 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.
Xstate Resources Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Xstate Resources's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Xstate Resources's Cash-to-Debt falls into.
Xstate Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2025 is calculated as:
Xstate Resources had no debt (1).
Xstate Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2025 is calculated as:
Xstate Resources had no debt (1).
* 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.
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
Xstate Resources (ASX:XST) has a Cash-to-Debt of No Debt (1) as of Dec. 2025. This is 100% below median its historical median of 10,000.00. Over the past decade, Xstate Resources' Cash-to-Debt has ranged from 12.16 to 10,000.00. According to the industry distribution chart, Xstate Resources ranks #1 out of 987 companies in the Oil & Gas industry, placing it in the top 0.099999999999994%.
Is Xstate Resources' Cash-to-Debt too high?
Xstate Resources' current Cash-to-Debt of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 12.16 to a high of 10,000.00. Based on the distribution chart, Xstate Resources ranks #1 out of 987 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Xstate Resources' Cash-to-Debt compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Xstate Resources ranks #1 out of 987 companies for Cash-to-Debt. This places Xstate Resources in the top 0% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 0.56. Historically, Xstate Resources' own Cash-to-Debt has ranged from 12.16 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.56, based on 987 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xstate Resources's current Cash-to-Debt is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xstate Resources stock overvalued right now?
Xstate Resources (ASX:XST) has a current Cash-to-Debt of No Debt (1). The current Cash-to-Debt is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Xstate Resources (ASX:XST), the current Cash-to-Debt is No Debt (1) as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Xstate Resources Ltd is engaged in oil and natural gas exploration, having historically held exploration and evaluation interests in the United States of America, and holding working interests in oil production assets in Canada and Austria. The Group currently operates in a single segment based on operation performed, and on geography, being oil & gas exploration activities on-shore Australia. Its Queensland project includes the drill-ready Diona Prospect, located near existing production infrastructure and targeting 3 stacked gas reservoir objectives in geologic plays.
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