Circle Energy (Circle Energy) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Circle 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. Circle Energy's cash to debt ratio for the quarter that ended in Dec. 2023 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, Circle Energy could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Circle Energy's Cash-to-Debt or its related term are showing as below:

CRCE' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Circle Energy's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

CRCE's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs CRCE: No Debt

Circle Energy Cash-to-Debt Historical Data

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

Circle Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Circle Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

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

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

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

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

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

Circle 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.

Circle Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Circle Energy had no debt ⁽¹⁾.

Circle Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Circle Energy had no debt ⁽¹⁾.

Circle Energy (OTCPK:CRCE) 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.

Circle Energy Cash-to-Debt Related Terms

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

Circle Energy (Circle Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Circle Energy Inc (OTCPK:CRCE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8211 E Regal Place, Tulsa, OK, USA, 74133

Website

Circle Energy Inc is engaged primarily in the acquisition, exploration and development of oil and natural gas properties. The Company owns interests in oil and natural gas properties located in Texas.

Circle Energy (Circle Energy) Headlines

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Circle Energy (Circle Energy) Cash-to-Debt : No Debt (1) (As of Dec. 2023)