Questerre Energy (TSX:QEC) Cash-to-Debt : 168.61 (As of Mar. 2024)

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What is Questerre 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. Questerre Energy's cash to debt ratio for the quarter that ended in Mar. 2024 was 168.61.

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, Questerre Energy could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSX:QEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 1.57 Max: No Debt
Current: 168.61

During the past 13 years, Questerre Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 1.57.

TSX:QEC's Cash-to-Debt is ranked better than
86.15% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.49 vs TSX:QEC: 168.61

Questerre Energy Cash-to-Debt Historical Data

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

Questerre Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.91

0.66

2.35

104.56

153.68

Questerre Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															109.89	123.63	138.33	153.68	168.61

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

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

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

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

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

Questerre 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.

Questerre 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)
	=	35.038	/	(0.094	+	0.134)
	=	153.68

Questerre Energy's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	35.913	/	(0.095	+	0.118)
	=	168.61

Questerre Energy (TSX:QEC) 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.

Questerre Energy Cash-to-Debt Related Terms

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Questerre Energy (TSX:QEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Questerre Energy Corp (TSX:QEC) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

QTEYF:USA QEC-O:Sweden QEC:Norway

Address

801 Sixth Avenue S.W, Suite 1650, Calgary, AB, CAN, T2P 3W2

Website

https://www.questerre.com

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids. Quebec segment consists the development of natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project.

Executives

Hans Jacob Holden

Director

Questerre Energy (TSX:QEC) Headlines

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