Zenith Energy (LSE:ZEN) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Zenith 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. Zenith Energy's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Zenith Energy 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 Zenith Energy's Cash-to-Debt or its related term are showing as below:

LSE:ZEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.17 Max: 0.79
Current: 0.02

During the past 13 years, Zenith Energy's highest Cash to Debt Ratio was 0.79. The lowest was 0.02. And the median was 0.17.

LSE:ZEN's Cash-to-Debt is ranked worse than
93.52% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs LSE:ZEN: 0.02

Zenith Energy Cash-to-Debt Historical Data

The historical data trend for Zenith 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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Zenith Energy Cash-to-Debt Chart

Zenith Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.25

0.14

0.13

0.06

0.04

Zenith Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.06	0.06	0.04	0.02

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

For the Oil & Gas E&P subindustry, Zenith 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.

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

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

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

Zenith 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.

Zenith Energy's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.868	/	(5.237	+	15.204)
	=	0.04

Zenith Energy'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)
	=	0.503	/	(4.452	+	19.426)
	=	0.02

Zenith Energy (LSE:ZEN) 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.

Zenith Energy Cash-to-Debt Related Terms

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

Zenith Energy (LSE:ZEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zenith Energy Ltd (LSE:ZEN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZENAF:USA ZENA:Norway ZCL:Germany

Address

421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9

Website

https://www.zenithenergy.ca

Zenith Energy Ltd is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia. The company's strategic focus is the development of proven revenue generating oil production assets, as well as low-risk exploration activities in assets with existing production.