Vitesse Energy (Vitesse Energy) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Vitesse 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. Vitesse Energy's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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

VTS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.2
Current: 0.01

During the past 5 years, Vitesse Energy's highest Cash to Debt Ratio was 0.20. The lowest was 0.01. And the median was 0.04.

VTS's Cash-to-Debt is ranked worse than
96.11% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs VTS: 0.01

Vitesse Energy Cash-to-Debt Historical Data

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

Vitesse Energy Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

Cash-to-Debt

N/A

0.02

0.04

0.20

0.01

Vitesse Energy Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						0.07	0.08	0.03	0.01	0.01

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

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

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

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

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

Vitesse 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.

Vitesse 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)
	=	0.552	/	(3.258	+	81)
	=	0.01

Vitesse 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)
	=	1.377	/	(3.082	+	98)
	=	0.01

Vitesse Energy (NYSE:VTS) 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.

Vitesse Energy Cash-to-Debt Related Terms

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Vitesse Energy (Vitesse Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vitesse Energy Inc (NYSE:VTS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112

Website

https://www.vitesse-vts.com

Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.

Executives

James P Henderson	officer: Chief Financial Officer	1625 BROADWAY, SUITE 250, DENVER CO 80202
Robert W Gerrity	director, officer: Chief Executive Officer	9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Leary Dan O	director	10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012
Joseph S Steinberg	director	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Brian Cree	officer: President	9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Christopher I Humber	officer: General Counsel and Secretary	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Brian P Friedman	director
Randy I Stein	director	1670 BROADWAY SUITE 2800, DENVER CO 80202
Linda Adamany	director	505 FRONT AVE., P.O. BOX "I", COEUR D'ALENE ID 83816
Cathleen M Osborn	director	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Jefferies Financial Group Inc.	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022
David R Macosko	officer: Chief Financial Officer	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Michael Sabol	officer: VP - SEC & Financial Reporting	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Mike Morella	officer: VP - Chief Accounting Officer	9200 E. MINERAL AVE., SUITE 200, CENTENNIAI CO 80112
Vitesse Energy Finance Llc	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022