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OTTEF (Otto Energy) Cash-to-Debt : No Debt (1) (As of Jun. 2024)


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What is Otto 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. Otto Energy's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt (1).

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Otto Energy could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

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

OTTEF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Otto Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.55. And the median was No Debt.

OTTEF's Cash-to-Debt is ranked better than
99.8% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs OTTEF: No Debt

Otto Energy Cash-to-Debt Historical Data

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

Otto Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 1.85 15.56 No Debt No Debt

Otto Energy Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.56 No Debt No Debt No Debt No Debt

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

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


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

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

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



Otto 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.

Otto Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Otto Energy had no debt (1).

Otto Energy's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Otto Energy had no debt (1).

* 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.


Otto Energy  (OTCPK:OTTEF) 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.


Otto Energy Cash-to-Debt Related Terms

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Otto Energy Business Description

Traded in Other Exchanges
Address
70 Hindmarsh Square, Ground Floor, Adelaide, SA, AUS, 6005
Otto Energy Ltd is an oil and gas exploration and production company on the US Gulf Coast. Its projects include South Marsh Island 71, Lightning Field, Green Canyon 21, Eaves Field, Mosquito Bay West, and Oyster Bayou South.

Otto Energy Headlines

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