Nexera Energy (Nexera Energy) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Nexera 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. Nexera Energy's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Nexera Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

EMBYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.3
Current: 0.03

During the past 13 years, Nexera Energy's highest Cash to Debt Ratio was 0.30. The lowest was 0.01. And the median was 0.07.

EMBYF's Cash-to-Debt is ranked worse than
91.4% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.48 vs EMBYF: 0.03

Nexera Energy Cash-to-Debt Historical Data

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

Nexera Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.09

0.04

0.07

0.08

Nexera Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.08	0.06	0.03	0.03

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

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

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

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

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

Nexera 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.

Nexera Energy'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)
	=	0.612	/	(7.46	+	0)
	=	0.08

Nexera Energy's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.277	/	(8.235	+	0)
	=	0.03

Nexera Energy (OTCPK:EMBYF) 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.

Nexera Energy Cash-to-Debt Related Terms

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Nexera Energy (Nexera Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nexera Energy Inc (OTCPK:EMBYF) » Definitions » Cash-to-Debt

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NGY:Canada

Address

54th Street South East, Suite 11411, Calgary, AB, CAN, T2C 5R9

Website

https://www.nexeraenergy.com

Nexera Energy Inc is a Canada based company with oil-producing properties in Southwest Texas as well as non-operated oil and natural gas interests in Central Alberta, Canada. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, in Alberta, Canada and Texas, USA. The company derives revenue from the sale of crude oil, natural gas, and natural gas liquids, of which key revenue is earned from the sale of crude oil.