White River Energy (White River Energy) Cash-to-Debt : 17.81 (As of Dec. 2023)

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What is White River 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. White River Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.81.

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, White River Energy 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 White River Energy's Cash-to-Debt or its related term are showing as below:

WTRV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.63 Max: 17.81
Current: 17.81

During the past 2 years, White River Energy's highest Cash to Debt Ratio was 17.81. The lowest was 0.02. And the median was 0.63.

WTRV's Cash-to-Debt is ranked better than
79.69% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs WTRV: 17.81

White River Energy Cash-to-Debt Historical Data

The historical data trend for White River 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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White River Energy Cash-to-Debt Chart

White River Energy Annual Data

Trend

Mar22

Mar23

Cash-to-Debt

0.17

0.37

White River Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.88	0.37	-	0.02	17.81

Competitive Comparison of White River Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, White River 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.

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

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

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

White River 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.

White River Energy's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.576	/	(1.218	+	0.324)
	=	0.37

White River Energy'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)
	=	6.553	/	(0.131	+	0.237)
	=	17.81

White River Energy (OTCPK:WTRV) 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.

White River Energy Cash-to-Debt Related Terms

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

White River Energy (White River Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » White River Energy Corp (OTCPK:WTRV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701

Website

https://www.white-river.com

White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

From GuruFocus

White River Energy Corp at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-15-2024