HighPoint Resources (HighPoint Resources) Cash-to-Debt : 0.03 (As of Dec. 2020)

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What is HighPoint 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. HighPoint Resources's cash to debt ratio for the quarter that ended in Dec. 2020 was 0.03.

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, HighPoint Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

HPR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: No Debt
Current: 0.03

During the past 13 years, HighPoint Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.16.

HPR's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs HPR: 0.03

HighPoint Resources Cash-to-Debt Historical Data

The historical data trend for HighPoint 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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HighPoint Resources Cash-to-Debt Chart

HighPoint Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

Get a 7-Day Free Trial

0.39

0.51

0.05

0.02

0.03

HighPoint Resources Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.02	-	0.04	0.03

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

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

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

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

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

HighPoint 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.

HighPoint Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	24.709	/	(8.73	+	760.434)
	=	0.03

HighPoint Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	24.709	/	(8.73	+	760.434)
	=	0.03

HighPoint Resources (NYSE:HPR) 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.

HighPoint Resources Cash-to-Debt Related Terms

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

HighPoint Resources (HighPoint Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HighPoint Resources Corp (NYSE:HPR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.hpres.com

HighPoint Resources Corp is an oil and gas exploration and production company. Its operations include the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. The company focuses its operations in the Rocky Mountain region of the U.S., where most of its production comes from the Denver-Julesburg Basin in Colorado and the Uinta Basin in Utah.HighPoint Resources Corp sells its crude oil and natural gas to pipelines, gas processors, oil refineries, and marketing companies. The company generates a majority of its revenue from Oil, gas and NGL production.

Executives

R Scot Woodall	director, officer: CEO and President	1099 18TH STREET SUITE 2300 DENVER CO 80202
Kenneth A. Wonstolen	officer: SVP - General Counsel	1099 18TH STREET SUITE 2300 DENVER CO 80202
Jim W Mogg	director	100 WEST FIFTH STREET, TULSA OK 74013
Geiger Paul W Iii	officer: Chief Operating Officer	555 17TH STREET, SUITE 3700, DENVER CO 80202
Randy I Stein	director	1670 BROADWAY SUITE 2800, DENVER CO 80202
William M Crawford	officer: Chief Financial Officer	1099 18TH STREET SUITE 2300 DENVER CO 80202
Andrew C Kidd	director	111 MARKET PLACE, BALTIMORE MD 21202
Mark Stephen Berg	director	777 HIDDEN RIDGE, IRVING TX 75038
Segner Edmund P Iii	director	PO BOX 4362, HOUSTON TX 77210-4362
Lori A Lancaster	director	302 WEST 86TH STREET. APT. 4C, NEW YORK NY 10024
David R Macosko	officer: SVP, Accounting	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Terry Barrett	officer: SVP Geosciences	1099 18TH STREET SUITE 2300 DENVER CO 80202
Troy L. Schindler	officer: SVP - Operations	1099 18TH STREET SUITE 2300 DENVER CO 80202
William F Owens	director	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Michael E Wiley	director	10930 KEMWOOD DRIVE HOUSTON TX 77024