Greenfire Resources (Greenfire Resources) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is Greenfire 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. Greenfire Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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

GFR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.19 Max: 0.28
Current: 0.23

During the past 4 years, Greenfire Resources's highest Cash to Debt Ratio was 0.28. The lowest was 0.14. And the median was 0.19.

GFR's Cash-to-Debt is ranked worse than
67.58% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.485 vs GFR: 0.23

Greenfire Resources Cash-to-Debt Historical Data

The historical data trend for Greenfire 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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Greenfire Resources Cash-to-Debt Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.19

0.14

0.28

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.14	N/A	0.17	0.28	0.23

Competitive Comparison of Greenfire Resources's Cash-to-Debt

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

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

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

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

Greenfire 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.

Greenfire Resources'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)
	=	81.638	/	(37.51	+	253.243)
	=	0.28

Greenfire Resources'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)
	=	66.662	/	(60.568	+	235.519)
	=	0.23

Greenfire Resources (NYSE:GFR) 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.

Greenfire Resources Cash-to-Debt Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

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