Tallgrass Energy (FRA:TGV) Cash-to-Debt : 0.02 (As of Dec. 2012)

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What is Tallgrass 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. Tallgrass Energy's cash to debt ratio for the quarter that ended in Dec. 2012 was 0.02.

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, Tallgrass Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2012.

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

FRA:TGV's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

Tallgrass Energy Cash-to-Debt Historical Data

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

Tallgrass Energy Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Cash-to-Debt

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0.18

No Debt

0.02

Tallgrass Energy Semi-Annual Data
	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Cash-to-Debt	Get a 7-Day Free Trial				0.18	No Debt	No Debt	-	0.02

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

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

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

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

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

Tallgrass 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.

Tallgrass Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2012 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)
	=	0.295	/	(13.126	+	0)
	=	0.02

Tallgrass Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2012 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)
	=	0.295	/	(13.126	+	0)
	=	0.02

Tallgrass Energy (FRA:TGV) 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.

Tallgrass Energy Cash-to-Debt Related Terms

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Tallgrass Energy (FRA:TGV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.tallgrassenergy.ca

Tallgrass Energy Corp was incorporated pursuant to the provisions of the Alberta Business Corporations Act on March 10, 2010. On December 31, 2012, the Company amalgamated with Anglo Canadian Oil Corp. The Company is engaged in the exploration, development and production of petroleum and natural gas in the Western Canadian Basin. The Company receives its revenue from the sale of oil, natural gas and natural gas liquids. Other revenue is derived from emulsion processing, treating, saltwater disposal fees charged to third parties as well as well operating fees and road use fees.

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