Gibson Energy (TSX:GEI) Cash-to-Debt

: 0.05 (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. Gibson Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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

TSX:GEI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.11
Current: 0.05

During the past 13 years, Gibson Energy's highest Cash to Debt Ratio was 0.11. The lowest was 0.03. And the median was 0.05.

TSX:GEI's Cash-to-Debt is ranked worse than
87.88% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.51 vs TSX:GEI: 0.05

Gibson Energy Cash-to-Debt Historical Data

The historical data trend for Gibson 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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Gibson Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.03

0.04

0.05

Gibson 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																0.05	0.03	0.03	0.02	0.05

Competitive Comparison

For the Oil & Gas Midstream subindustry, Gibson 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.

Gibson Energy Cash-to-Debt Distribution

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

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

Gibson 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.

Gibson 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)
	=	143.758	/	(28.014	+	2745.534)
	=	0.05

Gibson 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)
	=	143.758	/	(28.014	+	2745.534)
	=	0.05

Gibson Energy (TSX:GEI) 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.

Gibson Energy Cash-to-Debt Related Terms

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Gibson Energy (TSX:GEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gibson Energy Inc (TSX:GEI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GBNXF:USA 8GB:Germany

Address

440 - 2nd Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 5E9

Website

https://www.gibsonenergy.com

Gibson Energy Inc. is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc. services Canada and the United States, and the majority of revenue comes from the marketing segment.

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