NXT Energy Solutions (TSX:SFD) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is NXT Energy Solutions 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. NXT Energy Solutions's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

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

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

TSX:SFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 2.74 Max: No Debt
Current: 0.11

During the past 13 years, NXT Energy Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 2.74.

TSX:SFD's Cash-to-Debt is ranked worse than
80.37% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs TSX:SFD: 0.11

NXT Energy Solutions Cash-to-Debt Historical Data

The historical data trend for NXT Energy Solutions'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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NXT Energy Solutions Cash-to-Debt Chart

NXT Energy Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

49.30

1.95

1.45

0.97

0.12

NXT Energy Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.12	0.24	0.31	0.11

Competitive Comparison of NXT Energy Solutions's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, NXT Energy Solutions'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.

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

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

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

NXT Energy Solutions 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.

NXT Energy Solutions's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.263	/	(0.761	+	1.42)
	=	0.12

NXT Energy Solutions's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.369	/	(2.426	+	1.072)
	=	0.11

NXT Energy Solutions (TSX:SFD) 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.

NXT Energy Solutions Cash-to-Debt Related Terms

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

NXT Energy Solutions (TSX:SFD) Business Description

Industry

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

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NSFDF:USA

Address

3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4

Website

http://www.nxtenergy.com

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the aim of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

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