Empire Energy Group (Empire Energy Group) Cash-to-Debt : 1.40 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Empire Energy Group 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. Empire Energy Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.40.

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, Empire Energy Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EEGUF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.78 Max: 2.9
Current: 1.4

During the past 13 years, Empire Energy Group's highest Cash to Debt Ratio was 2.90. The lowest was 0.02. And the median was 0.78.

EEGUF's Cash-to-Debt is ranked better than
65.06% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs EEGUF: 1.40

Empire Energy Group Cash-to-Debt Historical Data

The historical data trend for Empire Energy Group'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.

* Premium members only.

Empire Energy Group Cash-to-Debt Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.47

1.55

2.90

2.48

1.40

Empire Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.90	5.43	2.48	1.22	1.40

Competitive Comparison of Empire Energy Group's Cash-to-Debt

For the Oil & Gas E&P subindustry, Empire Energy Group'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.

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

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

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

Empire Energy Group 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.

Empire Energy Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	9.121	/	(6.276	+	0.248)
	=	1.40

Empire Energy Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	9.121	/	(6.276	+	0.248)
	=	1.40

Empire Energy Group (OTCPK:EEGUF) 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.

Empire Energy Group Cash-to-Debt Related Terms

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

Empire Energy Group (Empire Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Energy Group Ltd (OTCPK:EEGUF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EEG:Australia

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

Empire Energy Group (Empire Energy Group) Headlines

From GuruFocus

Empire Energy Group Ltd, Melbana Energy Ltd and Strike Energy Ltd at Vertical Events RIU Good Oil Conference Transcript

By GuruFocus Research • 03-29-2024