International Petroleum (TSX:IPCO) Cash-to-Debt : 1.16 (As of Dec. 2023)

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What is International Petroleum 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. International Petroleum's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.16.

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

TSX:IPCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.57 Max: No Debt
Current: 1.16

During the past 10 years, International Petroleum's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.57.

TSX:IPCO's Cash-to-Debt is ranked better than
61.37% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TSX:IPCO: 1.16

International Petroleum Cash-to-Debt Historical Data

The historical data trend for International Petroleum'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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International Petroleum Cash-to-Debt Chart

International Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.02

0.17

1.58

1.16

International Petroleum 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															1.58	1.23	1.19	1.23	1.16

Competitive Comparison of International Petroleum's Cash-to-Debt

For the Oil & Gas E&P subindustry, International Petroleum'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.

International Petroleum's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

International Petroleum 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.

International Petroleum'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)
	=	693.706	/	(5.9	+	593.752)
	=	1.16

International Petroleum'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)
	=	693.706	/	(5.9	+	593.752)
	=	1.16

International Petroleum (TSX:IPCO) 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.

International Petroleum Cash-to-Debt Related Terms

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International Petroleum (TSX:IPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Petroleum Corp (TSX:IPCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IPCFF:USA IPCO:Sweden IPCOs:UK 0V1L:UK IPT:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.international-petroleum.com

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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