Zefiro Methane (NEOE:ZEFI) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is Zefiro Methane 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. Zefiro Methane's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

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, Zefiro Methane 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 Zefiro Methane's Cash-to-Debt or its related term are showing as below:

NEOE:ZEFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: No Debt
Current: 0.03

During the past 3 years, Zefiro Methane's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.10.

NEOE:ZEFI's Cash-to-Debt is ranked worse than
91.69% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs NEOE:ZEFI: 0.03

Zefiro Methane Cash-to-Debt Historical Data

The historical data trend for Zefiro Methane'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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Zefiro Methane Cash-to-Debt Chart

Zefiro Methane Annual Data

Trend

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

0.11

0.06

Zefiro Methane Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial						0.11	0.08	0.03	0.06	0.03

Competitive Comparison of Zefiro Methane's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Zefiro Methane'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.

Zefiro Methane's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Zefiro Methane 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.

Zefiro Methane's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.346	/	(12.733	+	8.523)
	=	0.06

Zefiro Methane'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)
	=	0.673	/	(11.855	+	8.064)
	=	0.03

Zefiro Methane (NEOE:ZEFI) 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.

Zefiro Methane Cash-to-Debt Related Terms

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Zefiro Methane Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zefiro Methane Corp (NEOE:ZEFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZEFIF:USA Y6B:Germany

Address

2501 - 550 Burrard Street, Vancouver, BC, CAN, V6C 2B5

Website

https://www.zefiromethane.com

Zefiro Methane Corp provides end-of-life solutions for industrial oil and gas operations that emit harmful greenhouse gas (GHG) emissions, specifically methane released from orphaned and abandoned oil and gas wells or associated midstream assets. It generates carbon credits, which can then be sold into carbon credit markets, by reducing methane emissions through the plugging of orphaned and abandoned oil and gas wells. Its services include methane testing, quantification, and monitoring, asset retirement and methane abatement, and carbon offset generation among others. It has a single segment, being the provider of a range of turnkey solutions to plug onshore oil and gas wells across the Appalachian Basin. It operates in the United States which generates all of its revenue, and Canada.

Executives

Talal Debs	Director, Senior Officer
Nan (jonson) Sun	Director
X Machina Sustainable Technologies Inc	10% Security Holder

Zefiro Methane Headlines

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