NuVista Energy (TSX:NVA) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is NuVista 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. NuVista Energy's cash to debt ratio for the quarter that ended in Dec. 2023 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, NuVista Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

During the past 13 years, NuVista Energy's highest Cash to Debt Ratio was 0.13. The lowest was 0.00. And the median was 0.10.

TSX:NVA's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

NuVista Energy Cash-to-Debt Historical Data

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

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

NuVista Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.22	-	-	-

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

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

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

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

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

NuVista 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.

NuVista 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	/	(6.5	+	298.553)
	=	0.00

NuVista Energy's Cash to Debt Ratio for the quarter 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	/	(6.5	+	298.553)
	=	0.00

NuVista Energy (TSX:NVA) 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.

NuVista Energy Cash-to-Debt Related Terms

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NuVista Energy (TSX:NVA) Business Description

Industry

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

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NUVSF:USA

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.

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