Touchstone Exploration (LSE:TXP) Cash-to-Debt : 0.18 (As of Sep. 2024)

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What is Touchstone Exploration 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. Touchstone Exploration's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.18.

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, Touchstone Exploration couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LSE:TXP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.57 Max: No Debt
Current: 0.18

During the past 13 years, Touchstone Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 0.57.

LSE:TXP's Cash-to-Debt is ranked worse than
70.62% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs LSE:TXP: 0.18

Touchstone Exploration Cash-to-Debt Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Cash-to-Debt Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.44

3.23

0.56

0.58

0.27

Touchstone Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.27	0.33	0.20	0.18

Competitive Comparison of Touchstone Exploration's Cash-to-Debt

For the Oil & Gas E&P subindustry, Touchstone Exploration'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.

Touchstone Exploration's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Touchstone Exploration 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.

Touchstone Exploration'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)
	=	6.467	/	(10.27	+	14.113)
	=	0.27

Touchstone Exploration's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	4.951	/	(5.008	+	22.622)
	=	0.18

Touchstone Exploration (LSE:TXP) 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.

Touchstone Exploration Cash-to-Debt Related Terms

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

Touchstone Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (LSE:TXP) » Definitions » Cash-to-Debt

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PBEGF:USA TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is currently active in the Republic of Trinidad and Tobago. The company generates revenue from Petroleum and natural gas sales. The company's exploration project includes Ortoire, Coho, Cascadura, Chinook, Royston.

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