CRC (California Resources) Cash-to-Debt : 0.30 (As of Dec. 2024)

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What is California 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. California Resources's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.30.

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, California 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 California Resources's Cash-to-Debt or its related term are showing as below:

CRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.81
Current: 0.3

During the past 13 years, California Resources's highest Cash to Debt Ratio was 0.81. The lowest was 0.00. And the median was 0.02.

CRC's Cash-to-Debt is ranked worse than
59.67% of 982 companies
in the Oil & Gas industry
Industry Median: 0.535 vs CRC: 0.30

California Resources Cash-to-Debt Historical Data

The historical data trend for California 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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California Resources Cash-to-Debt Chart

California Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.04

0.48

0.46

0.81

0.30

California Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.81	0.65	0.84	0.20	0.30

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

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

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

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

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

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California 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.

California Resources's Cash to Debt Ratio for the fiscal year 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)
	=	372	/	(15	+	1208)
	=	0.30

California 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)
	=	372	/	(15	+	1208)
	=	0.30

California Resources (NYSE:CRC) 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.

California Resources Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of California Resources's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

California Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » California Resources Corp (NYSE:CRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1CLD:Germany

Address

1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831

Website

https://www.crc.com

California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects.

Executives

James N Chapman	director	14 ALPINE ROAD, GREENWICH CT 06830
Omar Hayat	officer: EVP - Operations	1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
Michael L. Preston	officer: Exec. VP, GC and Secretary	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Noelle M. Repetti	officer: Vice President and Controller	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Francisco Leon	officer: EVP Corp Dev & Strategic Plng	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Mark Allen Mcfarland	director	7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814
William B Roby	director	27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Peralta Manuela Molina	officer: EVP and CFO	1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831
Goldentree Asset Management Lp	10 percent owner	300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Alejandra Veltmann	director	1500 CITYWEST BLVD., SUITE 800, HOUSTON TX 77042
Neeman Brady Nicole Elana	director	113 S. LA BREA BLVD., 3RD FLOOR, LOS ANGELES CA 90036
Christopher D. Gould	officer: EVP & Chief Sustainability Off	27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Af V Energy Iv Aiv 1a, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067