PHX (PHX Minerals) Cash-to-Debt : 0.09 (As of Sep. 2024)

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What is PHX Minerals 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. PHX Minerals's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.09.

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

PHX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.36
Current: 0.09

During the past 13 years, PHX Minerals's highest Cash to Debt Ratio was 0.36. The lowest was 0.00. And the median was 0.03.

PHX's Cash-to-Debt is ranked worse than
82.47% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs PHX: 0.09

PHX Minerals Cash-to-Debt Historical Data

The historical data trend for PHX Minerals'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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PHX Minerals Cash-to-Debt Chart

PHX Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Dec23

Cash-to-Debt

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0.17

0.36

0.13

0.12

0.02

PHX Minerals 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															0.04	0.02	0.05	0.08	0.09

Competitive Comparison of PHX Minerals's Cash-to-Debt

For the Oil & Gas E&P subindustry, PHX Minerals'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.

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

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

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

PHX Minerals 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.

PHX Minerals'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)
	=	0.806	/	(0.233	+	33.446)
	=	0.02

PHX Minerals'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)
	=	2.602	/	(0.243	+	28.262)
	=	0.09

PHX Minerals (NYSE:PHX) 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.

PHX Minerals Cash-to-Debt Related Terms

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

PHX Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Minerals Inc (NYSE:PHX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5AH:Germany

Address

1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107

Website

https://www.phxmin.com

PHX Minerals Inc is an oil and natural gas mineral company that has employed a plan to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The revenues is derived from royalties granted from the production and sale of natural gas, oil and NGL, and the remaining portion of its revenues is derived from the production and sale of natural gas, oil and NGL on its working interests.

Executives

Raphael D'amico	officer: VP - Business Development	5400 NORTH GRAND BOULEVARD, SUITE 300, OKLAHOMA CITY OK 73112
Chad True	officer: Principal Accounting Officer	2113 NW 59TH PLACE, OKLAHOMA CITY OK 73112
Mark T Behrman	director
Edenbrook Capital, Llc	10 percent owner	116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Chad L Stephens	director	100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Srp Capital Advisors, Llc	10 percent owner	3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Steven L Packebush	director	3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116-2238
Peter B Delaney	director	P.O. BOX 321, OKLAHOMA CITY OK 73101
Christopher T. Fraser	director	9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Glen A Brown	director	P.O. BOX 268836, OKLAHOMA CITY OK 73126
Srpo-ii Manager, Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Cwep-srpoii Investments, Llc	other: See Explanation of Responses	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
William T Fennebresque	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners, Llc	other: See Explanation of Responses	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Ryan A Turner	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219