Shoal Point Energy (Shoal Point Energy) Cash-to-Debt : 0.63 (As of Oct. 2023)

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What is Shoal Point 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. Shoal Point Energy's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.63.

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

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

SHPNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: No Debt Max: No Debt
Current: 0.64

During the past 13 years, Shoal Point Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.42. And the median was No Debt.

SHPNF's Cash-to-Debt is ranked better than
54.72% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs SHPNF: 0.64

Shoal Point Energy Cash-to-Debt Historical Data

The historical data trend for Shoal Point 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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Shoal Point Energy Cash-to-Debt Chart

Shoal Point Energy Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

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No Debt

2.65

0.77

0.55

Shoal Point Energy Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															3.23	0.55	3.32	1.04	0.63

Competitive Comparison of Shoal Point Energy's Cash-to-Debt

For the Oil & Gas E&P subindustry, Shoal Point 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.

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

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

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

Shoal Point 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.

Shoal Point Energy's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.012	/	(0	+	0.022)
	=	0.55

Shoal Point Energy's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.044	/	(0.048	+	0.022)
	=	0.63

Shoal Point Energy (OTCPK:SHPNF) 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.

Shoal Point Energy Cash-to-Debt Related Terms

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Shoal Point Energy (Shoal Point Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shoal Point Energy Ltd (OTCPK:SHPNF) » Definitions » Cash-to-Debt

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SHP:Canada

Address

700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8

Website

https://www.shoalpointenergy.com

Shoal Point Energy Ltd is a petroleum exploration and development company. It is in the exploration stage of exploring its oil and natural gas properties. It entered into a farm-in agreement with Shelby Resources LLC to explore and develop Mount Evans oil and gas prospects in Kansas.

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