Tidelands Royalty Trust B (Tidelands Royalty Trust B) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2018)

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What is Tidelands Royalty Trust B 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. Tidelands Royalty Trust B's cash to debt ratio for the quarter that ended in Sep. 2018 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, Tidelands Royalty Trust B could pay off its debt using the cash in hand for the quarter that ended in Sep. 2018.

(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 Tidelands Royalty Trust B's Cash-to-Debt or its related term are showing as below:

TIRTZ's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Tidelands Royalty Trust B Cash-to-Debt Historical Data

The historical data trend for Tidelands Royalty Trust B'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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Tidelands Royalty Trust B Cash-to-Debt Chart

Tidelands Royalty Trust B Annual Data

Trend

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Cash-to-Debt

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No Debt

Tidelands Royalty Trust B Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Tidelands Royalty Trust B's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Tidelands Royalty Trust B'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.

Tidelands Royalty Trust B's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tidelands Royalty Trust B's Cash-to-Debt falls into.

Tidelands Royalty Trust B 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.

Tidelands Royalty Trust B's Cash to Debt Ratio for the fiscal year that ended in Dec. 2017 is calculated as:

Tidelands Royalty Trust B had no debt ⁽¹⁾.

Tidelands Royalty Trust B's Cash to Debt Ratio for the quarter that ended in Sep. 2018 is calculated as:

Tidelands Royalty Trust B had no debt ⁽¹⁾.

Tidelands Royalty Trust B (OTCPK:TIRTZ) 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.

Tidelands Royalty Trust B Cash-to-Debt Related Terms

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Tidelands Royalty Trust B (Tidelands Royalty Trust B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidelands Royalty Trust B (OTCPK:TIRTZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o The Corporate Trustee Southwest Bank, 2911 Turtle Creek Boulevard, Dallas, TX, USA, 75219

Website

http://www.tirtz-tidelands.com

Tidelands Royalty Trust B is a U.S based royalty trust. It is not permitted to engage in any business activity because it was organized for the sole purpose of providing means for the administration and liquidation of rights to interests in oil, natural gas or other mineral leases obtained by Gulf Oil Corporation in a designated area of the Gulf of Mexico. The Trust through its subsidiary holds title to interests in properties that are situated offshore of Louisiana.