Spartan Delta (TSX:SDE) Cash-to-Debt : 0.01 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Spartan Delta 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. Spartan Delta's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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

TSX:SDE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.57 Max: No Debt
Current: 0.01

During the past 13 years, Spartan Delta's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.57.

TSX:SDE's Cash-to-Debt is ranked worse than
96.59% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TSX:SDE: 0.01

Spartan Delta Cash-to-Debt Historical Data

The historical data trend for Spartan Delta'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.

* Premium members only.

Spartan Delta Cash-to-Debt Chart

Spartan Delta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.05

0.65

0.01

Spartan Delta 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															0.65	0.71	9.64	0.76	0.01

Competitive Comparison of Spartan Delta's Cash-to-Debt

For the Oil & Gas E&P subindustry, Spartan Delta'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.

Spartan Delta's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Spartan Delta 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.

Spartan Delta'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)
	=	0.406	/	(9.469	+	70.239)
	=	0.01

Spartan Delta'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)
	=	0.406	/	(9.469	+	70.239)
	=	0.01

Spartan Delta (TSX:SDE) 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.

Spartan Delta Cash-to-Debt Related Terms

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

Spartan Delta (TSX:SDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spartan Delta Corp (TSX:SDE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DALXF:USA 4YJ0:Germany

Address

308 - 4th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 0H7

Website

https://www.spartandeltacorp.com

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. It operates and focuses its activities on Peace River Arch and Central Alberta.