WesternZagros Resources (FRA:44W) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2017)

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What is WesternZagros Resources 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. WesternZagros Resources's cash to debt ratio for the quarter that ended in Mar. 2017 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, WesternZagros Resources could pay off its debt using the cash in hand for the quarter that ended in Mar. 2017.

(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 WesternZagros Resources's Cash-to-Debt or its related term are showing as below:

FRA:44W's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.505
* Ranked among companies with meaningful Cash-to-Debt only.

WesternZagros Resources Cash-to-Debt Historical Data

The historical data trend for WesternZagros Resources'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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WesternZagros Resources Cash-to-Debt Chart

WesternZagros Resources Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash-to-Debt

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No Debt

1.98

2.64

No Debt

WesternZagros Resources Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of WesternZagros Resources's Cash-to-Debt

For the Oil & Gas E&P subindustry, WesternZagros Resources'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.

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

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

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

WesternZagros Resources 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.

WesternZagros Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 is calculated as:

WesternZagros Resources had no debt ⁽¹⁾.

WesternZagros Resources's Cash to Debt Ratio for the quarter that ended in Mar. 2017 is calculated as:

WesternZagros Resources had no debt ⁽¹⁾.

WesternZagros Resources (FRA:44W) 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.

WesternZagros Resources Cash-to-Debt Related Terms

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

WesternZagros Resources (FRA:44W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » WesternZagros Resources Ltd (FRA:44W) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.westernzagros.com

WesternZagros Resources, Ltd. was incorporated under the ABCA on August 22, 2007. It is a publicly traded, Calgary-based, international oil and gas company focused on acquiring properties and exploring for developing and producing crude oil and natural gas in the Kurdistan Region of Iraq. It holds two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq that are both on trend with, and adjacent to, a number of prolific oil and gas discoveries. The Company through its wholly-owned subsidiaries holds a 40 percent working interest in each of the Garmian Production Sharing Contracts and the Kurdamir Production Sharing Contracts. It competes with numerous other organizations in the search for, and the acquisition of, oil and natural gas properties and in the marketing of oil and natural gas. The Company's operations are subject to general and specific regulations and restrictions governing drilling, production and processing, land tenure and use, environmental requirements, including site-specific environmental licences, permits and remediation requirements, workplace health and safety requirements, social impacts and other laws and regulations.

WesternZagros Resources (FRA:44W) Headlines

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WesternZagros Resources (FRA:44W) Cash-to-Debt : No Debt (1) (As of Mar. 2017)