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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. Calima Energy's cash to debt ratio for the quarter that ended in Jun. 2024 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, Calima Energycould pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.
(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 Calima Energy's Cash-to-Debt or its related term are showing as below:
CLMEF's Cash-to-Debt is not ranked *
in the Oil & Gas industry.
Industry Median: 0.555 * Ranked among companies with meaningful Cash-to-Debt only.
Calima Energy (OTCPK:CLMEF) 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.
Calima Energy Cash-to-Debt Related Terms
Calima Energy Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Calima 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.
CLMEF vs OKMN, ROYL, NRIS: Cash-to-Debt Comparison
For the Oil & Gas E&P subindustry, Calima 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.
Calima Energy Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Calima Energy's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Calima Energy's Cash-to-Debt falls into.
Calima Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Calima Energy had no debt (1).
Calima Energy's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:
Calima Energy 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?
Calima Energy (CLMEF) has a Cash-to-Debt of No Debt (1) as of Jun. 2024.
Is Calima Energy's Cash-to-Debt too high?
Calima Energy's current Cash-to-Debt is No Debt (1). Overall, Calima Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Calima Energy's Cash-to-Debt compare to OKMN and ROYL?
Calima Energy's Cash-to-Debt of No Debt (1) can be compared against companies in the Oil & Gas industry. The industry median Cash-to-Debt is 0.56. 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 986 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. Calima Energy's current Cash-to-Debt is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calima Energy stock overvalued right now?
Calima Energy (CLMEF) has a current Cash-to-Debt of No Debt (1). The current Cash-to-Debt is No Debt (1). Calima Energy's overall GF Score™ is 12/100. 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 Calima Energy (CLMEF), the current Cash-to-Debt is No Debt (1) as of Jun. 2024. 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.
Calima Energy Ltd is an oil and gas company. The company and its subsidiaries invest in oil and gas exploration and production projects. The company mainly focuses on finding and developing new projects. Its projects include Brooks, and Thorsby. It also holds an undeveloped Montney acreage position in northeastern British Columbia, Canada.
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