Canadian Spirit Resources (TSXV:SPI) Cash-to-Debt : 40.59 (As of Jun. 2023)

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What is Canadian Spirit 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. Canadian Spirit Resources's cash to debt ratio for the quarter that ended in Jun. 2023 was 40.59.

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, Canadian Spirit Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

TSXV:SPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: No Debt Max: No Debt
Current: 40.59

During the past 13 years, Canadian Spirit Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.99. And the median was No Debt.

TSXV:SPI's Cash-to-Debt is ranked better than
81.37% of 1020 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TSXV:SPI: 40.59

Canadian Spirit Resources Cash-to-Debt Historical Data

The historical data trend for Canadian Spirit 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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Canadian Spirit Resources Cash-to-Debt Chart

Canadian Spirit Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

13.91

31.55

33.76

23.33

Canadian Spirit Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															50.68	41.41	23.33	27.79	40.59

Competitive Comparison of Canadian Spirit Resources's Cash-to-Debt

For the Oil & Gas E&P subindustry, Canadian Spirit 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.

Canadian Spirit Resources's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Canadian Spirit 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.

Canadian Spirit Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.77	/	(0.004	+	0.029)
	=	23.33

Canadian Spirit Resources's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1.177	/	(0.006	+	0.023)
	=	40.59

Canadian Spirit Resources (TSXV:SPI) 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.

Canadian Spirit Resources Cash-to-Debt Related Terms

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Canadian Spirit Resources (TSXV:SPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Spirit Resources Inc (TSXV:SPI) » Definitions » Cash-to-Debt

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CSPUF:USA

Address

140 - 4th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 3N3

Website

https://www.csri.ca

Canadian Spirit Resources Inc is a natural resources company. It focuses on the identification and development of opportunities in the unconventional natural gas sector of the energy industry.