Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Chesapeake Granite Wash Trust 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. Chesapeake Granite Wash Trust'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, Chesapeake Granite Wash Trust 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 Chesapeake Granite Wash Trust's Cash-to-Debt or its related term are showing as below:

CHKR' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.57 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Chesapeake Granite Wash Trust's highest Cash to Debt Ratio was No Debt. The lowest was 6.57. And the median was No Debt.

CHKR's Cash-to-Debt is ranked better than
99.9% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs CHKR: No Debt

Chesapeake Granite Wash Trust Cash-to-Debt Historical Data

The historical data trend for Chesapeake Granite Wash Trust'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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Chesapeake Granite Wash Trust Cash-to-Debt Chart

Chesapeake Granite Wash Trust Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Chesapeake Granite Wash Trust 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Chesapeake Granite Wash Trust's Cash-to-Debt

For the Oil & Gas E&P subindustry, Chesapeake Granite Wash Trust'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.

Chesapeake Granite Wash Trust's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Chesapeake Granite Wash Trust's Cash-to-Debt falls into.

Chesapeake Granite Wash Trust 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.

Chesapeake Granite Wash Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Chesapeake Granite Wash Trust had no debt ⁽¹⁾.

Chesapeake Granite Wash Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Chesapeake Granite Wash Trust had no debt ⁽¹⁾.

Chesapeake Granite Wash Trust (OTCPK:CHKR) 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.

Chesapeake Granite Wash Trust Cash-to-Debt Related Terms

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

Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chesapeake Granite Wash Trust (OTCPK:CHKR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.chkgranitewashtrust.com

Chesapeake Granite Wash Trust is a statutory trust which is formed to own the royalty interests for the benefit of trust unitholders. The Royalty Interests are derived from Chesapeake Energy Corporation's interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. The trust also has an interest in producing Wells and the development Wells. Majority revenue of the company comes from oil, natural gas and NGL.

Executives

Chesapeake Energy Corp	10 percent owner	6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Chesapeake Exploration Llc	10 percent owner	6100 N. WESTERN AVENUE, PO BOX 18496, OKC OK 73154-0496