Africa Energy (TSXV:AFE) Cash-to-Debt : 0.22 (As of Mar. 2024)

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What is Africa 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. Africa Energy's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.22.

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

TSXV:AFE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: No Debt Max: No Debt
Current: 0.22

During the past 13 years, Africa Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was No Debt.

TSXV:AFE's Cash-to-Debt is ranked worse than
68.29% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.48 vs TSXV:AFE: 0.22

Africa Energy Cash-to-Debt Historical Data

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

Africa Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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47.33

1,048.38

4,630.33

1.36

0.25

Africa Energy 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															0.53	0.26	0.19	0.25	0.22

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

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

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

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

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

Africa 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.

Africa 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)
	=	2.291	/	(0	+	9.158)
	=	0.25

Africa Energy'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)
	=	2.196	/	(10.015	+	0)
	=	0.22

Africa Energy (TSXV:AFE) 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.

Africa Energy Cash-to-Debt Related Terms

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Africa Energy (TSXV:AFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Energy Corp (TSXV:AFE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HPMCF:USA AEC:Sweden H73:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.africaenergycorp.com

Africa Energy Corp is an Canadian based oil and gas exploration company focused on South Africa. The company has exploration assets in South Africa and Namibia. The operations of the company include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.

Executives

John William Sharp Bentley

Director