Sunshine Oilsands (Sunshine Oilsands) Cash-to-Debt : 0.00 (As of Mar. 2024)

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What is Sunshine Oilsands 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. Sunshine Oilsands's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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, Sunshine Oilsands couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

During the past 13 years, Sunshine Oilsands's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.00.

SUNYF's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Sunshine Oilsands Cash-to-Debt Historical Data

The historical data trend for Sunshine Oilsands'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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Sunshine Oilsands Cash-to-Debt Chart

Sunshine Oilsands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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Sunshine Oilsands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sunshine Oilsands's Cash-to-Debt

For the Oil & Gas E&P subindustry, Sunshine Oilsands'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.

Sunshine Oilsands's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Sunshine Oilsands 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.

Sunshine Oilsands'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)
	=	0.393	/	(9.659	+	252.006)
	=	0.00

Sunshine Oilsands's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.287	/	(9.878	+	255.954)
	=	0.00

Sunshine Oilsands (OTCPK:SUNYF) 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.

Sunshine Oilsands Cash-to-Debt Related Terms

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Sunshine Oilsands (Sunshine Oilsands) Business Description

Industry

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02012:Hong Kong

Address

715-5th Ave SW, Suite 1910, Calgary, AB, CAN, T2P 2X6

Website

https://www.sunshineoilsands.com

Sunshine Oilsands Ltd is a Canada-based company engaged in the exploration and development of oil properties for the production of bitumen in the Athabasca oil sands region in Alberta, Canada. Its projects include West Ells, Thickwood, Legend, Muskwa, Harper, and others. It operates in a single segment of mining, production, and sales of crude oil products.