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Coterra Energy Debt-to-EBITDA

: 0.42 (As of Jun. 2022)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Coterra Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $203 Mil. Coterra Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $3,217 Mil. Coterra Energy's annualized EBITDA for the quarter that ended in Jun. 2022 was $8,092 Mil. Coterra Energy's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was 0.42.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

CTRA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.68   Med: 1.61   Max: 80.6
Current: 0.68

During the past 13 years, the highest Debt-to-EBITDA Ratio of Coterra Energy was 80.60. The lowest was 0.68. And the median was 1.61.

CTRA's Debt-to-EBITDA is ranked better than
76.4% of 712 companies
in the Oil & Gas industry
Industry Median: 2.18 vs CTRA: 0.68

Coterra Energy Debt-to-EBITDA Historical Data

The historical data trend for Coterra Energy's Debt-to-EBITDA 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.

* Premium members only.

Coterra Energy Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.60 1.03 0.92 1.69 1.53

Coterra Energy Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Debt-to-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.85 1.27 0.53 0.74 0.42

Competitive Comparison

For the Oil & Gas E&P subindustry, Coterra Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

   

Coterra Energy Debt-to-EBITDA Distribution

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

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



Coterra Energy Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Coterra Energy's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(83 + 3380) / 2257
=1.53

Coterra Energy's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(203 + 3217) / 8092
=0.42

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2022) EBITDA data.


Coterra Energy  (NYSE:CTRA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Coterra Energy Debt-to-EBITDA Related Terms

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


Coterra Energy Business Description

Coterra Energy logo
Address
840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024
Coterra is an independent exploration and production company with operations in Appalachia and the Permian Basin. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2021, Coterra's proved reserves were 2.9 billion barrels of oil equivalent, with net production that year of approximately 431 million barrels of oil equivalent per day (of which 70% was natural gas).
Executives
Hlavinka Gary J. officer: Vice President, (MBU) 840 GESSNER ROAD SUITE 1400 HOUSTON TX 77024
Smith Kevin William officer: VP & Chief Technology Officer 840 GESSNER ROAD SUITE 1400 HOUSTON TX 77024
Deshazer Michael D. officer: VP - Business Units THREE MEMORIAL CITY PLAZA 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Stewart Lisa A director EL PASO CORPORATION 1001 LOUISIANA STREET HOUSTON TX 77002
Bell Stephen P officer: Ex VP C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Vallejo Frances M director 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Eckley Paul director 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Barron Francis Brian officer: Sr VP - General Counsel 1099 18TH STREET, SUITE 2300 DENVER CO 80202
Jorden Thomas E director, officer: CEO and President C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Clason Christopher officer: SVP and Chief HR Officer 1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Delaney Peter B director P.O. BOX 321 OKLAHOMA CITY OK 73101
Watts Marcus A director
Brock Amanda M director 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024
Lindeman Steven W officer: Sr. Vice Pres, South Reg & Eng 840 GESSNER ROAD, SUITE 1400 HOUSTON TX 77024

Coterra Energy Headlines

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