GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texhoma Energy Inc (GREY:TXHE) » Definitions » Financial Strength

Texhoma Energy (Texhoma Energy) Financial Strength : 0 (As of Jun. 2008)


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

What is Texhoma Energy Financial Strength?

Texhoma Energy has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Texhoma Energy's interest coverage with the available data. Texhoma Energy's debt to revenue ratio for the quarter that ended in Jun. 2008 was 4.90. As of today, Texhoma Energy's Altman Z-Score is 0.00.


Competitive Comparison of Texhoma Energy's Financial Strength

For the Oil & Gas E&P subindustry, Texhoma Energy's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Texhoma Energy's Financial Strength Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texhoma Energy's Financial Strength distribution charts can be found below:

* The bar in red indicates where Texhoma Energy's Financial Strength falls into.



Texhoma Energy Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Texhoma Energy's Interest Expense for the months ended in Jun. 2008 was $0.00 Mil. Its Operating Income for the months ended in Jun. 2008 was $-0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2008 was $7.93 Mil.

Texhoma Energy's Interest Coverage for the quarter that ended in Jun. 2008 is

GuruFocus does not calculate Texhoma Energy's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Texhoma Energy's Debt to Revenue Ratio for the quarter that ended in Jun. 2008 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2008 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.3 + 7.932) / 1.68
=4.90

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Texhoma Energy has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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.


Texhoma Energy  (GREY:TXHE) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Texhoma Energy has the Financial Strength Rank of 0.


Texhoma Energy Financial Strength Related Terms

Thank you for viewing the detailed overview of Texhoma Energy's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Texhoma Energy (Texhoma Energy) Business Description

Traded in Other Exchanges
N/A
Address
24624 I-45 North, Suite 200, Spring, TX, USA, 77386
Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

Texhoma Energy (Texhoma Energy) Headlines

From GuruFocus

Texhoma Energy, Inc. Announces Earnings

By ACCESSWIRE AccessWire 04-12-2019