PCQRF (Petrolympic) Cash-to-Debt : 5.00 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Petrolympic 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. Petrolympic's cash to debt ratio for the quarter that ended in Sep. 2024 was 5.00.

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, Petrolympic could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

PCQRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: No Debt Max: No Debt
Current: 5

During the past 13 years, Petrolympic's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was No Debt.

PCQRF's Cash-to-Debt is ranked better than
73.76% of 991 companies
in the Oil & Gas industry
Industry Median: 0.52 vs PCQRF: 5.00

Petrolympic Cash-to-Debt Historical Data

The historical data trend for Petrolympic'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.

* Premium members only.

Petrolympic Cash-to-Debt Chart

Petrolympic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.26

8.52

15.41

12.36

Petrolympic 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															No Debt	12.36	2.33	11.80	5.00

Competitive Comparison of Petrolympic's Cash-to-Debt

For the Oil & Gas E&P subindustry, Petrolympic'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.

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

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

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

Petrolympic 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.

Petrolympic'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)
	=	0.272	/	(0	+	0.022)
	=	12.36

Petrolympic'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)
	=	0.1	/	(0.004	+	0.016)
	=	5.00

Petrolympic (OTCPK:PCQRF) 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.

Petrolympic Cash-to-Debt Related Terms

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

Petrolympic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolympic Ltd (OTCPK:PCQRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PCQ:Canada

Address

C/o Fogler, Rubinoff LLP, 77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.petrolympic.com

Petrolympic Ltd is an exploration company, engaged in the acquisition, exploration, and development of petroleum light crude oil and natural gas properties in North America. The company operates and holds an interest in two business areas which are St. Lawrence Lowlands and Gaspe Peninsula in Canada and Texas in Canada and the Maverick Basin Project in the United States of America. Geographically, it has two segments namely Canada and the USA.