Cathedral Energy Services (Cathedral Energy Services) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Cathedral Energy Services 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. Cathedral Energy Services's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Cathedral Energy Services couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CETEF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 1.77
Current: 0.09

During the past 13 years, Cathedral Energy Services's highest Cash to Debt Ratio was 1.77. The lowest was 0.04. And the median was 0.10.

CETEF's Cash-to-Debt is ranked worse than
82.54% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs CETEF: 0.09

Cathedral Energy Services Cash-to-Debt Historical Data

The historical data trend for Cathedral Energy Services'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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Cathedral Energy Services Cash-to-Debt Chart

Cathedral Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.28

0.05

0.13

0.11

0.09

Cathedral Energy Services 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															0.11	0.20	0.26	0.09	0.09

Competitive Comparison of Cathedral Energy Services's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Cathedral Energy Services'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.

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

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

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

Cathedral Energy Services 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.

Cathedral Energy Services'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)
	=	7.999	/	(18.235	+	69.932)
	=	0.09

Cathedral Energy Services's Cash to Debt Ratio for the quarter 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)
	=	7.999	/	(18.235	+	69.932)
	=	0.09

Cathedral Energy Services (OTCPK:CETEF) 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.

Cathedral Energy Services Cash-to-Debt Related Terms

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Cathedral Energy Services (Cathedral Energy Services) Business Description

Industry

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

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Traded in Other Exchanges

CET:Canada

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.cathedralenergyservices.com

Cathedral Energy Services Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional, and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from United States.