Prairie Operating Co (Prairie Operating Co) Cash-to-Debt

: 95.86 (As of Dec. 2023)

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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. Prairie Operating Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 95.86.

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, Prairie Operating Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PROP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.09 Max: No Debt
Current: 95.86

During the past 13 years, Prairie Operating Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.09.

PROP's Cash-to-Debt is ranked better than
80.86% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs PROP: 95.86

Prairie Operating Co Cash-to-Debt Historical Data

The historical data trend for Prairie Operating Co'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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Prairie Operating Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.60

0.38

0.56

0.01

95.86

Prairie Operating Co 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																0.01	-	2.98	1.49	95.86

Competitive Comparison

For the Capital Markets subindustry, Prairie Operating Co'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.

Prairie Operating Co Cash-to-Debt Distribution

For the Capital Markets industry and Financial Services sector, Prairie Operating Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Prairie Operating Co's Cash-to-Debt falls into.

Prairie Operating Co 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.

Prairie Operating Co'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)
	=	13.037	/	(0.042	+	0.094)
	=	95.86

Prairie Operating Co'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)
	=	13.037	/	(0.042	+	0.094)
	=	95.86

Prairie Operating Co (NAS:PROP) 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.

Prairie Operating Co Cash-to-Debt Related Terms

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

Prairie Operating Co (Prairie Operating Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Prairie Operating Co (NAS:PROP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8636 N. Classen Boulevard, Suite 110-502, Oklahoma, OK, USA, 73114

Website

https://www.prairieopco.com

Prairie Operating Co develops and operates bitcoin mining scaled-up facilities using natural gas to power the operations. It generates substantially all its revenue through cryptocurrency, which it earns through mining activities.

Executives

James W. Wallis	10 percent owner	6410 NORTH SANTA FE AVE., STE B, OKLAHOMA CITY OK 73116
Daniel T. Sweeney	officer: General Counsel & Corp. Sec'y	8636 N. CLASSEN BOULEVARD, OKLAHOMA CITY OK 73114
Jonathan H. Gray	director	657 PERUGIA WAY, LOS ANGELES CA 90077
Erik Thoresen	director	C/O FUSION ACQUISITION CORP. II, 667 MADISON AVENUE, NEW YORK NY 10065
Robert Craig Owen	officer: Chief Financial Officer	2350 N. SAM HOUSTON PARKWAY EAST, SUITE 125, HOUSTON TX 77032
Stephen Lee	director	3326 MID LANE, HOUSTON TX 77027
Jeremy Landon Ham	officer: Chief Commercial Officer	12115 DOUBLE TREE DRIVE, HOUSTON TX 77070
Michael Martin Breen	director	LOWSLEY HOUSE 133 HEADLEY ROAD, LIPHOOK X0 GU30 7PU
Paul Kessler	director, 10 percent owner	555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360
Bryan Freeman	officer: Exec VP of Operations	16200 PARK ROW, SUITE 300, HOUSTON TX 77084
Gary C Hanna	director, officer: President
Gizman I Abbas	director	415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013
Edward Kovalik	director, officer: Chief Executive Officer	1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238
Scott D Kaufman	director, 10 percent owner, officer: Chairman, CEO and President	MIDUSMMER INVESTMENT LTD, 485 MADISON AVENUE 23RD FLOOR, NEW YORK NY 10022
Alan Louis Urban	officer: Chief Financial Officer	1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404