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. New Concept Energy's cash to debt ratio for the quarter that ended in Dec. 2023 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, New Concept Energy could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
(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 New Concept Energy's Cash-to-Debt or its related term are showing as below:
GBR'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.79 Max: No Debt
Current: No Debt
During the past 13 years, New Concept Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 0.79.
New Concept Energy Cash-to-Debt Historical Data
The historical data trend for New Concept 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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New Concept Energy Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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0.10 |
0.16 |
No Debt |
No Debt |
No Debt |
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New Concept Energy Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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No Debt |
No Debt |
No Debt |
No Debt |
No Debt |
Competitive Comparison
For the Real Estate Services subindustry, New Concept 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.
New Concept Energy Cash-to-Debt Distribution
For the Real Estate industry and Real Estate sector, New Concept Energy's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where New Concept Energy's Cash-to-Debt falls into.
New Concept 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.
New Concept Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
New Concept Energy had no debt (1).
New Concept Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
New Concept Energy had no debt (1).
* 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.
New Concept Energy (New Concept Energy) Business Description
Traded in Other Exchanges
N/A
Address
1603 Lyndon B Johnson Freeway, Suite 800, Dallas, TX, USA, 75234
New Concept Energy Inc is a United States-based company engaged in Real Estate Operations. The company owns approximately 190 acres of land located in Parkersburg, West Virginia. It operates in one segment, which is real estate rental.
Executives
| Realty Advisors Inc |
10 percent owner |
1603 LBJ FREEWAY, SUITE 300, DALLAS TX 75234 |
| Mintbroker International, Ltd. |
10 percent owner |
ELIZABETH AVE. & BAY STREET, NASSAU C5 N-8340 |
| International Health Products, Inc. |
10 percent owner |
2010 VALLEY VIEW LANE, SUITE 250, DALLAS TX 75234 |
| Gene S Bertcher |
director, officer: President and CEO |
1800 VALLEY VIEW LANE, SUITE 300, DALLAS TX 75234 |
| Syntek West Inc |
10 percent owner |
1800 VALLEY VIEW LANE SUITE 100, DALLAS TX 75234 |
| Syntek Acquisition Corp. |
10 percent owner |
1755 WITTINGTON, DALLAS TX 75234 |
| Smith Oscar Wilbur Jr |
officer: Vice President & Secretary |
16302 ARBOR DOWNS DRIVE, DALLAS TX 75248 |
| Victor Lund |
director, 10 percent owner |
818 NE 87TH AVE, VANCOUVER WA 98664 |
| Hks Investment Corp |
10 percent owner |
26632 TOWNE CENTRE DRIVE #220, FOOTHILL RANCH CA 92610 |
| Ron Finley |
director, officer: Chief Executive Officer |
1755 WITTINGTON PLACE, SUITE 340, DALLAS TX 75234 |
| Warrick Summit Square Inc |
10 percent owner |
BOX 1398, ADDISON TX 75001 |
| James E Huffstickler |
director |
|
| Beadle Roz Campisi |
director |
14185 DALLAS PARKWAY SUITE 650, DALLAS TX 75254 |
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