Petrosonic Energy (Petrosonic Energy) Cash-to-Debt : 0.06 (As of Sep. 2016)

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What is Petrosonic Energy 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. Petrosonic Energy's cash to debt ratio for the quarter that ended in Sep. 2016 was 0.06.

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, Petrosonic Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2016.

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

PSON's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Petrosonic Energy Cash-to-Debt Historical Data

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

Petrosonic Energy Annual Data

Trend

Oct09

Oct10

Oct11

Dec13

Dec14

Dec15

Cash-to-Debt

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No Debt

5.04

2.23

0.59

Petrosonic Energy Quarterly Data
	Jul11	Oct11	Jan12	Apr12	Sep12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash-to-Debt	Get a 7-Day Free Trial															0.93	0.59	0.21	0.08	0.06

Competitive Comparison of Petrosonic Energy's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Petrosonic Energy'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.

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

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

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

Petrosonic Energy 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.

Petrosonic Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 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)
	=	0.118	/	(0.2	+	0)
	=	0.59

Petrosonic Energy's Cash to Debt Ratio for the quarter that ended in Sep. 2016 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)
	=	0.012	/	(0.2	+	0)
	=	0.06

Petrosonic Energy (GREY:PSON) 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.

Petrosonic Energy Cash-to-Debt Related Terms

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Petrosonic Energy (Petrosonic Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrosonic Energy Inc (GREY:PSON) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

N/A

Address

914 Westwood Boulevard, No. 545, Los Angeles, CA, USA, 90024

Website

http://www.petrosonic.net

Petrosonic Energy Inc is a development-stage company. It focuses on the sonic separation, treatment, and upgrading of heavy oil, and on the manufacture of synthetic fuel oil through emulsification of heavy crude oil and asphaltenes. The company's assets include technology relating to the treatment and upgrading of heavy oil by sonicated solvent de-asphalting, two sonic reactors, one located in Albania and one located in Richmond, British Columbia, Canada, and a solvent recovery system.