Legacy Reserves (Legacy Reserves) Cash-to-Debt : 0.02 (As of Sep. 2019)

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What is Legacy Reserves 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. Legacy Reserves's cash to debt ratio for the quarter that ended in Sep. 2019 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, Legacy Reserves couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2019.

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

LGCYO.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: No Debt
Current: 0.02

During the past 13 years, Legacy Reserves's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.01.

LGCYO.PFD's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs LGCYO.PFD: 0.02

Legacy Reserves Cash-to-Debt Historical Data

The historical data trend for Legacy Reserves'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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Legacy Reserves Cash-to-Debt Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash-to-Debt

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Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash-to-Debt	Get a 7-Day Free Trial															N/A	-	-	-	0.02

Competitive Comparison of Legacy Reserves's Cash-to-Debt

For the Oil & Gas E&P subindustry, Legacy Reserves'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.

Legacy Reserves's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Legacy Reserves 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.

Legacy Reserves's Cash to Debt Ratio for the fiscal year that ended in Dec. 2018 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)
	=	1.098	/	(897.873	+	432.923)
	=	0.00

Legacy Reserves's Cash to Debt Ratio for the quarter that ended in Sep. 2019 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)
	=	13.121	/	(582.849	+	0)
	=	0.02

Legacy Reserves (NAS:LGCYO.PFD) 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.

Legacy Reserves Cash-to-Debt Related Terms

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

Legacy Reserves (Legacy Reserves) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legacy Reserves Inc (NAS:LGCYO.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 West Wall Street, Suite 1800, Midland, TX, USA, 79701

Website

http://www.legacyreserves.com

Legacy Reserves LP is a limited partnership which focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The company owns an interest in producing oil and natural gas properties in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. The company operates through the segment being the Acquisition and development of oil and natural gas properties.

Executives

Robert L Norris	officer: Chief Financial Officer	303 W. WALL ST, SUITE 1800, MIDLAND TX 79701
Ferrara Albert E Iii	officer: See Remarks	303 W WALL ST, SUITE 1800, MIDLAND TX 79701
Elliott Cory J	officer: Chief Information Officer	303 W WALL ST, SUITE 1800, MIDLAND TX 79701
Douglas W York	director	1776 LINCOLN ST, STE 700, DENVER CO 80202
Baines Creek Capital, Llc	10 percent owner	11940 JOLLYVILLE, SUITE 210-S, AUSTIN TX 78759
William R Granberry	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
D Dwight Scott	director	1601 N.W. EXPRESSWAY, SUITE 1600, OKLAHOMA CITY OK 73118
Kyle D Vann	director	11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382
Cary D Brown	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
G Larry Lawrence	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Kyle A Mcgraw	officer: EVP and CDO	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Paul T Horne	director, officer: Chairman and CEO	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Micah C. Foster	officer: CAO and Controller	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Dan G. Leroy	officer: VP, GC and Secretary	303 W. WALL STREET, SUITE 4200, MIDLAND TX 79701
James Daniel Westcott	officer: President and CFO	C/O LEGACY RESERVES GP LLC, 303 W WALL STREET SUITE 1400, MIDLAND TX 79701