Cimarex Energy Co (Cimarex Energy Co) Cash-to-Debt : 0.48 (As of Sep. 2021)

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What is Cimarex Energy Co 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. Cimarex Energy Co's cash to debt ratio for the quarter that ended in Sep. 2021 was 0.48.

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, Cimarex Energy Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

XEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.24 Max: No Debt
Current: 0.37

During the past 13 years, Cimarex Energy Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.24.

XEC's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs XEC: 0.37

Cimarex Energy Co Cash-to-Debt Historical Data

The historical data trend for Cimarex Energy Co'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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Cimarex Energy Co Cash-to-Debt Chart

Cimarex Energy Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

Get a 7-Day Free Trial

0.44

0.27

0.54

0.04

0.13

Cimarex Energy Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.13	0.24	0.37	0.48

Competitive Comparison of Cimarex Energy Co's Cash-to-Debt

For the Oil & Gas E&P subindustry, Cimarex Energy Co'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.

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

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

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

Cimarex Energy Co 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.

Cimarex Energy Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	273.145	/	(59.051	+	2122.004)
	=	0.13

Cimarex Energy Co's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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)
	=	1033.317	/	(58.953	+	2088.439)
	=	0.48

Cimarex Energy Co (NYSE:XEC) 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.

Cimarex Energy Co Cash-to-Debt Related Terms

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Cimarex Energy Co (Cimarex Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cimarex Energy Co (NYSE:XEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 3700, Denver, CO, USA, 80203

Website

https://www.cimarex.com

Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.

Executives

John Lambuth	officer: SVP-Exploration	C/O CIMAREX ENERGY CO 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
Joseph R Albi	director, other: Former Executive VP, COO	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
G Mark Burford	officer: SVP & Chief Financial Officer	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Stephen P Bell	officer: Ex VP	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Blake A Sirgo	officer: VP-Operations	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Logan Harold R Jr	director
Francis Brian Barron	officer: Sr VP-General Counsel	1099 18TH STREET, SUITE 2300, DENVER CO 80202
Monroe W Robertson	director	C/O CIMAREX ENERGY CO. 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
David A Hentschel	director	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Sullivan Michael J/co	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Thomas F Mccoy	officer: SVP-Production	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Kathleen A Hogenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Paul Eckley	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Frances M Vallejo	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404