Westgate Energy (TSXV:WGT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Westgate 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. Westgate Energy's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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

(1) 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.

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

TSXV:WGT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.88 Med: 5000.44 Max: No Debt
Current: No Debt

During the past 1 years, Westgate Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.88. And the median was 5000.44.

TSXV:WGT's Cash-to-Debt is ranked better than
99.8% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs TSXV:WGT: No Debt

Westgate Energy Cash-to-Debt Historical Data

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

Westgate Energy Annual Data

Trend

Dec22

Cash-to-Debt

0.88

Westgate Energy Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	0.88	N/A	No Debt	No Debt

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

For the Oil & Gas Drilling subindustry, Westgate 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.

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

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

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

Westgate 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.

Westgate Energy'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)
	=	0.083	/	(0.094	+	0)
	=	0.88

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

Westgate Energy had no debt ⁽¹⁾.

Westgate Energy (TSXV:WGT) 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.

Westgate Energy Cash-to-Debt Related Terms

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

Westgate Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Westgate Energy Inc (TSXV:WGT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 4th Street SW, Suite 420, Calgary, AB, CAN, T2S 1W3

Website

https://www.westgateenergy.ca

Westgate Energy Inc is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan, where known accumulations of medium and heavy oil are being unlocked via the application of modern drilling techniques utilizing multi-lateral horizontal drilling. The application of these modernized multi-lateral drilling techniques has yielded some of the strongest oil well economics throughout Western Canada.

Westgate Energy Headlines

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Westgate Energy (TSXV:WGT) Cash-to-Debt : No Debt (1) (As of Jun. 2024)