Kinder Morgan Canada (TSX:KML.PR.C.PFD) Cash-to-Debt : 0.12 (As of Sep. 2019)

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What is Kinder Morgan Canada 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. Kinder Morgan Canada's cash to debt ratio for the quarter that ended in Sep. 2019 was 0.12.

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, Kinder Morgan Canada couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2019.

(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 Kinder Morgan Canada's Cash-to-Debt or its related term are showing as below:

TSX:KML.PR.C.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.92 Max: No Debt
Current: 0.12

During the past 5 years, Kinder Morgan Canada's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.92.

TSX:KML.PR.C.PFD's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs TSX:KML.PR.C.PFD: 0.12

Kinder Morgan Canada Cash-to-Debt Historical Data

The historical data trend for Kinder Morgan Canada'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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Kinder Morgan Canada Cash-to-Debt Chart

Kinder Morgan Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Cash-to-Debt

N/A

0.06

0.12

No Debt

Kinder Morgan Canada Quarterly Data
	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	No Debt	0.08	0.06	0.12

Competitive Comparison of Kinder Morgan Canada's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Kinder Morgan Canada'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.

Kinder Morgan Canada's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Kinder Morgan Canada 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.

Kinder Morgan Canada's Cash to Debt Ratio for the fiscal year that ended in Dec. 2018 is calculated as:

Kinder Morgan Canada had no debt ⁽¹⁾.

Kinder Morgan Canada's Cash to Debt Ratio for the quarter that ended in Sep. 2019 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)
	=	65.2	/	(62	+	493.3)
	=	0.12

Kinder Morgan Canada (TSX:KML.PR.C.PFD) 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.

Kinder Morgan Canada Cash-to-Debt Related Terms

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Kinder Morgan Canada (TSX:KML.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Canada Ltd (TSX:KML.PR.C.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 - 5th Avenue S.W., Suite 2700, Calgary, AB, CAN, T2P 5J2

Website

http://www.kindermorgancanadaltd.com

Kinder Morgan Canada Ltd operates as an integrated network of pipeline systems and terminal facilities in Canada. The business activities are carried out through two segments namely Pipelines and Terminals. The Pipelines business unit is composed of the Trans Mountain pipeline system, the Canadian portion of the Cochin pipeline system, the Puget Sound pipeline system, and the Jet Fuel pipeline system. The Terminals business unit is composed of the Vancouver Wharves terminal in British Columbia and numerous terminals in Edmonton, Alberta. Geographically the business presence of the firm is spread across the US and Canada.

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Headlines

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