Tamarack Valley Energy (TSX:TVE) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is Tamarack Valley 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. Tamarack Valley 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, Tamarack Valley 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 Tamarack Valley Energy's Cash-to-Debt or its related term are showing as below:

During the past 13 years, Tamarack Valley Energy's highest Cash to Debt Ratio was 0.01. The lowest was 0.00. And the median was 0.01.

TSX:TVE'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.

Tamarack Valley Energy Cash-to-Debt Historical Data

The historical data trend for Tamarack Valley 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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Tamarack Valley Energy Cash-to-Debt Chart

Tamarack Valley Energy Annual Data

Trend

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Dec20

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Dec22

Dec23

Cash-to-Debt

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Tamarack Valley 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															-	-	-	-	-

Competitive Comparison of Tamarack Valley Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, Tamarack Valley 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.

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

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

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

Tamarack Valley 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.

Tamarack Valley 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	/	(143.198	+	800.955)
	=	0.00

Tamarack Valley 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	/	(143.198	+	800.955)
	=	0.00

Tamarack Valley Energy (TSX:TVE) 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.

Tamarack Valley Energy Cash-to-Debt Related Terms

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Tamarack Valley Energy (TSX:TVE) Business Description

Industry

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

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TNEYF:USA 9TA1:Germany

Address

308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7

Website

https://www.tamarackvalley.ca

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.

Executives

Christine Ezinga

Senior Officer

Tamarack Valley Energy (TSX:TVE) Headlines

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