Waskahigan Oil & Gas (XCNQ:WOGC) Cash-to-Debt : 0.01 (As of Sep. 2024)

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What is Waskahigan Oil & Gas 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. Waskahigan Oil & Gas's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.01.

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, Waskahigan Oil & Gas couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Waskahigan Oil & Gas's Cash-to-Debt or its related term are showing as below:

XCNQ:WOGC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.17
Current: 0.01

During the past 4 years, Waskahigan Oil & Gas's highest Cash to Debt Ratio was 0.17. The lowest was 0.00. And the median was 0.04.

XCNQ:WOGC's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.52 vs XCNQ:WOGC: 0.01

Waskahigan Oil & Gas Cash-to-Debt Historical Data

The historical data trend for Waskahigan Oil & Gas'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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Waskahigan Oil & Gas Cash-to-Debt Chart

Waskahigan Oil & Gas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.03

0.06

0.05

Waskahigan Oil & Gas Quarterly Data
	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											0.02	0.05	0.10	-	0.01

Competitive Comparison of Waskahigan Oil & Gas's Cash-to-Debt

For the Oil & Gas E&P subindustry, Waskahigan Oil & Gas'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.

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

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

* The bar in red indicates where Waskahigan Oil & Gas's Cash-to-Debt falls into.

Waskahigan Oil & Gas 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.

Waskahigan Oil & Gas'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)
	=	0.055	/	(1.139	+	0)
	=	0.05

Waskahigan Oil & Gas's Cash to Debt Ratio for the quarter 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)
	=	0.01	/	(1.213	+	0)
	=	0.01

Waskahigan Oil & Gas (XCNQ:WOGC) 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.

Waskahigan Oil & Gas Cash-to-Debt Related Terms

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

Waskahigan Oil & Gas Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 10th Avenue SE, Suite 203, Calgary, AB, CAN, T2G 0V9

Website

https://www.waskahiganoil.com

Waskahigan Oil & Gas Corp engaged in petroleum and natural gas exploration and development activities in western Canada. The company generates revenue from the sale of oil, natural gas and NGLs.

Waskahigan Oil & Gas Headlines

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