Bengal Energy (Bengal Energy) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Bengal 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. Bengal 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, Bengal 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 Bengal Energy's Cash-to-Debt or its related term are showing as below:

BNGLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.25 Max: No Debt
Current: 91.64

During the past 13 years, Bengal Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.25.

BNGLF's Cash-to-Debt is ranked better than
84.37% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs BNGLF: 91.64

Bengal Energy Cash-to-Debt Historical Data

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

Bengal Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.18

0.06

45.63

80.68

25.26

Bengal Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															31.55	25.26	41.38	47.25	No Debt

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

For the Oil & Gas E&P subindustry, Bengal 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.

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

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

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

Bengal 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.

Bengal Energy's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.581	/	(0.023	+	0)
	=	25.26

Bengal Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Bengal Energy had no debt ⁽¹⁾.

Bengal Energy (OTCPK:BNGLF) 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.

Bengal Energy Cash-to-Debt Related Terms

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Bengal Energy (Bengal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bengal Energy Ltd (OTCPK:BNGLF) » Definitions » Cash-to-Debt

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BNG:Canada

Address

715 - 5th Avenue S.W., Suite 1110, Calgary, AB, CAN, T2P 2X6

Website

https://www.bengalenergy.ca

Bengal Energy Ltd is involved in the exploration, development, and production of oil and gas reserves in Australia. It has two reportable operating segments the Australian oil and gas operations and corporate. Its producing assets are predominantly situated in Australia, in the Cooper Basin, a region featuring large hydrocarbon pools.