International Frontier Resources (TSXV:IFR) Cash-to-Debt : 1.08 (As of Sep. 2023)

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What is International Frontier Resources 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. International Frontier Resources's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.08.

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, International Frontier Resources could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:IFR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 1.08

During the past 13 years, International Frontier Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

TSXV:IFR's Cash-to-Debt is ranked better than
61.31% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.495 vs TSXV:IFR: 1.08

International Frontier Resources Cash-to-Debt Historical Data

The historical data trend for International Frontier Resources'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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International Frontier Resources Cash-to-Debt Chart

International Frontier Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.05

0.29

0.50

International Frontier Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.27	0.50	0.12	1.42	1.08

Competitive Comparison of International Frontier Resources's Cash-to-Debt

For the Oil & Gas E&P subindustry, International Frontier Resources'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.

International Frontier Resources's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where International Frontier Resources's Cash-to-Debt falls into.

International Frontier Resources 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.

International Frontier Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.025	/	(0	+	0.05)
	=	0.50

International Frontier Resources's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.057	/	(0	+	0.053)
	=	1.08

International Frontier Resources (TSXV:IFR) 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.

International Frontier Resources Cash-to-Debt Related Terms

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

International Frontier Resources (TSXV:IFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Frontier Resources Corp (TSXV:IFR) » Definitions » Cash-to-Debt

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IFRTF:USA

Address

396 11th Avenue S.W, Suite 1320, Calgary, AB, CAN, T2R 0C5

Website

https://www.internationalfrontier.com

International Frontier Resources Corp is engaged in the exploration and development of oil and natural gas reserves. It acquires, develops, exploits, and produces oil and natural gas in Mexico, , Northwest Territories, Canada, Tecolutla Contract Mexico, and in northwest Montana in the United States. It operates in Canada and Mexico's geographical segments.

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