Torchlight Energy Resources (Torchlight Energy Resources) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2021)

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What is Torchlight Energy Resources 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. Torchlight Energy Resources's cash to debt ratio for the quarter that ended in Mar. 2021 was No Debt ⁽¹⁾.

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, Torchlight Energy Resources could pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

(1) 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.

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

TRCH's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Torchlight Energy Resources Cash-to-Debt Historical Data

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

Torchlight Energy Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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0.51

0.10

0.05

0.01

Torchlight Energy Resources Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.02	0.02	0.01	No Debt

Competitive Comparison of Torchlight Energy Resources's Cash-to-Debt

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

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

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

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

Torchlight Energy Resources 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.

Torchlight Energy Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	0.131	/	(0	+	16.551)
	=	0.01

Torchlight Energy Resources's Cash to Debt Ratio for the quarter that ended in Mar. 2021 is calculated as:

Torchlight Energy Resources had no debt ⁽¹⁾.

Torchlight Energy Resources (NAS:TRCH) 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.

Torchlight Energy Resources Cash-to-Debt Related Terms

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Torchlight Energy Resources (Torchlight Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Torchlight Energy Resources Inc (NAS:TRCH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5700 W. Plano Parkway, Suite 3600, Plano, TX, USA, 75093

Website

https://www.torchlightenergy.com

Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects, and then the monetization of those assets once these activities are completed. The firm's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.

Executives

Alexandre Zyngier	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Greg Mccabe	director, 10 percent owner	500 WEST TEXAS AVE., SUITE 890, MIDLAND TX 79701
Roger N Wurtele	officer: Chief Financial Officer	5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
John A. Brda	director, officer: President and CEO	1425 FRONTENAY, WARSON WOODS MO 63122
Michael James Graves	director	5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Robert Lance Cook	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75903
Robert David Newton	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Mccabe Petroleum Corp	10 percent owner	P.O. BOX 11188, MIDLAND TX 79702
Ernest Scott Kimbrough	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Shockey Eunis Lorance Jr	director	10827 STONE CANYON ROAD, DALLAS TX 75230
Mcandrew Willard Greer Iii	other: Former Officer and Director	5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Jerry D Barney	10 percent owner	841 ANDREW RUN, CANYON LAKE TX 78133
Edward J Devereaux	director	1713 VILLA COURT, CORINTH TX 76210
G Mc Exploration, Llc	10 percent owner	400 PINE STREET, SUITE 700, ABILENE TX 79601
Robert Kenneth Dulin	10 percent owner	8449 GREENWOOD DRIVE, NIWOT CO 80503