GTGEF (G2 Energy) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is G2 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. G2 Energy's cash to debt ratio for the quarter that ended in Mar. 2024 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, G2 Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for G2 Energy's Cash-to-Debt or its related term are showing as below:

GTGEF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: 0.02

During the past 8 years, G2 Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

GTGEF's Cash-to-Debt is ranked worse than
93.62% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs GTGEF: 0.02

G2 Energy Cash-to-Debt Historical Data

The historical data trend for G2 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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G2 Energy Cash-to-Debt Chart

G2 Energy Annual Data

Trend

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.01

4.64

0.05

0.03

G2 Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.03	-	-	0.02

Competitive Comparison of G2 Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, G2 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.

G2 Energy's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, G2 Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where G2 Energy's Cash-to-Debt falls into.

G2 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.

G2 Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.083	/	(2.473	+	0.588)
	=	0.03

G2 Energy's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.075	/	(0.717	+	2.455)
	=	0.02

G2 Energy (OTCPK:GTGEF) 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.

G2 Energy Cash-to-Debt Related Terms

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G2 Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » G2 Energy Corp (OTCPK:GTGEF) » Definitions » Cash-to-Debt

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B4O:Germany GTOO:Canada

Address

West Hastings Street, Unit 430 - 744, Vancouver, BC, CAN, V6C 1A5

Website

https://www.g2.energy

G2 Energy Corp is a company focused on acquiring and developing overlooked, low-risk, high-return opportunities in the oil and gas sector. The company is seeking opportunities to acquire a portfolio of risk-managed production and development in the USA. G2 is also pursuing production acquisition opportunities with operating netbacks and infrastructure facilities to fast-track future production growth.

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