Permex Petroleum (XCNQ:OIL) Cash-to-Debt : 0.23 (As of Dec. 2024)

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What is Permex Petroleum 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. Permex Petroleum's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.23.

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, Permex Petroleum couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

XCNQ:OIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 1.38 Max: No Debt
Current: 0.23

During the past 8 years, Permex Petroleum's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 1.38.

XCNQ:OIL's Cash-to-Debt is ranked worse than
65.18% of 988 companies
in the Oil & Gas industry
Industry Median: 0.52 vs XCNQ:OIL: 0.23

Permex Petroleum Cash-to-Debt Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Cash-to-Debt Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash-to-Debt

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0.02

0.14

11.62

0.29

0.40

Permex Petroleum Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.02	0.33	0.40	0.23

Competitive Comparison of Permex Petroleum's Cash-to-Debt

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

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Permex Petroleum 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.

Permex Petroleum's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	2.051	/	(5.115	+	0)
	=	0.40

Permex Petroleum's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.984	/	(4.221	+	0)
	=	0.23

Permex Petroleum (XCNQ:OIL) 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.

Permex Petroleum Cash-to-Debt Related Terms

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Permex Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum U.S. Corporation owns and operates on private, state, and federal land. The company has a single reportable segment which is acquisition, development, and production of oil and gas properties in the United States.

Executives

Scott Kelly	Director, Senior Officer
Barry Leslie Francis Whelan	Director, Senior Officer
Mehran Ehsan	Director, Senior Officer
Earl Gerard Tobin	Deemed Insider - 6 Months before becoming Insider