Capricorn Energy (Capricorn Energy) Cash-to-Debt : 1.59 (As of Dec. 2023)

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What is Capricorn Energy 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. Capricorn Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.59.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Capricorn Energy could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CRNCY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 2.31 Max: No Debt
Current: 1.59

During the past 13 years, Capricorn Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was 2.31.

CRNCY's Cash-to-Debt is ranked better than
65.69% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs CRNCY: 1.59

Capricorn Energy Cash-to-Debt Historical Data

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

Capricorn Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.54

2.40

2.22

5.47

1.59

Capricorn Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.22	5.32	5.47	2.12	1.59

Competitive Comparison of Capricorn Energy's Cash-to-Debt

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

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

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

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

Capricorn Energy 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.

Capricorn Energy'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)
	=	189.5	/	(16.4	+	102.8)
	=	1.59

Capricorn Energy'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)
	=	189.5	/	(16.4	+	102.8)
	=	1.59

Capricorn Energy (OTCPK:CRNCY) 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.

Capricorn Energy Cash-to-Debt Related Terms

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Capricorn Energy (Capricorn Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Capricorn Energy PLC (OTCPK:CRNCY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CRNZF:USA CNEl:UK CNE:UK

Address

50 Lothian Road, Edinburgh, GBR, EH3 9BY

Website

https://www.capricornenergy.com

Capricorn Energy PLC is an independent oil and gas exploration and development company. It has explored for, discovered, developed, and produced oil and gas in a variety of locations throughout the world as an operator and partner in all stages of the oil and gas lifecycle. The company's production, development, and exploration activities are focused on Egypt, with further exploration activities in the UK North Sea, West Africa, and Latin America.