Empyrean Energy (LSE:EME) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is Empyrean 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. Empyrean Energy's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

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, Empyrean Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:EME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: No Debt Max: No Debt
Current: 0.11

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

LSE:EME's Cash-to-Debt is ranked worse than
79.84% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.48 vs LSE:EME: 0.11

Empyrean Energy Cash-to-Debt Historical Data

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

Empyrean Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.02

Empyrean Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	-	0.25	0.02	0.11

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

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

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

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

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

Empyrean 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.

Empyrean Energy's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.068	/	(3.359	+	0)
	=	0.02

Empyrean Energy's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.514	/	(4.542	+	0)
	=	0.11

Empyrean Energy (LSE:EME) 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.

Empyrean Energy Cash-to-Debt Related Terms

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Empyrean Energy (LSE:EME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empyrean Energy PLC (LSE:EME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

22 Railway Road, Unit 32/33, Level 3, Subiaco, WA, AUS, 6008

Website

https://www.empyreanenergy.com

Empyrean Energy PLC is an oil and gas explorer and producer. The company is engaged in the exploration, evaluation, and development and production of oil and gas properties. Its projects include China Block 29/11 Project, Duyung PSC Project, Sacramento Basin Projects, and Other Projects. Geographically, it generates majority of its revenue from the United States.