Gear Energy (TSX:GXE) Cash-to-Debt : 0.00 (As of Sep. 2024)

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What is Gear 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. Gear Energy's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.00.

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

During the past 13 years, Gear Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5000.00.

TSX:GXE's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.52
* Ranked among companies with meaningful Cash-to-Debt only.

Gear Energy Cash-to-Debt Historical Data

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

Gear Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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Gear Energy 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															-	-	-	-	-

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

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

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

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

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

Gear 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.

Gear Energy'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	/	(0	+	21.155)
	=	0.00

Gear Energy'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	/	(0	+	15.37)
	=	0.00

Gear Energy (TSX:GXE) 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.

Gear Energy Cash-to-Debt Related Terms

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Gear Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gear Energy Ltd (TSX:GXE) » Definitions » Cash-to-Debt

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GENGF:USA 0GY:Germany

Address

205 - 5th Avenue S.W., Suite 800, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7

Website

https://www.gearenergy.com

Gear Energy Ltd is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company's oil-focused operations are located in three core areas; Lloydminster Heavy Oil, Central Alberta Light/Medium Oil, and Southeast Saskatchewan Light Oil.

Executives

Kevin David Johnson	Director, Senior Officer
Scott Robinson	Director
Don Gray	10% Security Holder, Director
Han-bom David Hwang	Senior Officer
Bryan Dozzi	Senior Officer
Jason John Kenneth Kaluski	Senior Officer
Dustin Ressler	Senior Officer
William Henry English	Director
Wilson Wang	Director
Bindu Wyma	Director
Ingram Gillmore	Director, Senior Officer
Joseph Steve Yvan Chretien	Senior Officer
Greg Bay	Director
John O'connell	Director

Gear Energy Headlines

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