Advantage Energy (TSX:AAV) Cash-to-Debt : 0.07 (As of Dec. 2023)

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What is Advantage 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. Advantage Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

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, Advantage Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:AAV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.24
Current: 0.07

During the past 13 years, Advantage Energy's highest Cash to Debt Ratio was 0.24. The lowest was 0.01. And the median was 0.04.

TSX:AAV's Cash-to-Debt is ranked worse than
84.88% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TSX:AAV: 0.07

Advantage Energy Cash-to-Debt Historical Data

The historical data trend for Advantage 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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Advantage Energy Cash-to-Debt Chart

Advantage Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.01

0.15

0.24

0.07

Advantage Energy 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															0.24	0.06	0.02	0.15	0.07

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

For the Oil & Gas E&P subindustry, Advantage 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.

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

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

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

Advantage 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.

Advantage Energy'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)
	=	19.261	/	(0	+	259.117)
	=	0.07

Advantage 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)
	=	19.261	/	(0	+	259.117)
	=	0.07

Advantage Energy (TSX:AAV) 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.

Advantage Energy Cash-to-Debt Related Terms

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

Advantage Energy (TSX:AAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (TSX:AAV) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

AAVVF:USA 9SA0:Germany

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

Executives

John Larry Festival

Director

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