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Hemisphere Energy (TSXV:HME) Cash-to-Debt : 3.30 (As of Sep. 2024)


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What is Hemisphere 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. Hemisphere Energy's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.30.

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

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

TSXV:HME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.06   Max: 3.3
Current: 3.3

During the past 13 years, Hemisphere Energy's highest Cash to Debt Ratio was 3.30. The lowest was 0.00. And the median was 0.06.

TSXV:HME's Cash-to-Debt is ranked better than
70.8% of 993 companies
in the Oil & Gas industry
Industry Median: 0.54 vs TSXV:HME: 3.30

Hemisphere Energy Cash-to-Debt Historical Data

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

Hemisphere Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.02 0.02 0.04 2.11

Hemisphere 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.45 2.11 0.72 2.90 3.30

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

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


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

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

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



Hemisphere 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.

Hemisphere Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Hemisphere Energy's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Hemisphere Energy  (TSXV:HME) 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.


Hemisphere Energy Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hemisphere Energy's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


Hemisphere Energy Business Description

Traded in Other Exchanges
Address
905 West Pender Street, Suite 501, Vancouver, BC, CAN, V6C 1L6
Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.
Executives
Andrew John Arthur Senior Officer
Gregg Kingsley Vernon Director
Ashley Ramsden-wood Senior Officer
Frank Stephen Borowicz Director
Charles Noel O'sullivan Director, Senior Officer
Don Simmons Senior Officer
L.p. Cibolo Energy Partners I 10% Security Holder
Ian Duncan Senior Officer

Hemisphere Energy Headlines

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