Daybreak Oil & Gas (Daybreak Oil & Gas) Cash-to-Debt : 0.56 (As of Feb. 2023)

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What is Daybreak Oil & Gas 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. Daybreak Oil & Gas's cash to debt ratio for the quarter that ended in Feb. 2023 was 0.56.

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, Daybreak Oil & Gas couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2023.

The historical rank and industry rank for Daybreak Oil & Gas's Cash-to-Debt or its related term are showing as below:

DBRM's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Daybreak Oil & Gas Cash-to-Debt Historical Data

The historical data trend for Daybreak Oil & Gas'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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Daybreak Oil & Gas Cash-to-Debt Chart

Daybreak Oil & Gas Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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0.02

0.06

0.02

0.09

0.56

Daybreak Oil & Gas Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	2.13	0.76	0.75	0.56

Competitive Comparison of Daybreak Oil & Gas's Cash-to-Debt

For the Oil & Gas E&P subindustry, Daybreak Oil & Gas'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.

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

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

* The bar in red indicates where Daybreak Oil & Gas's Cash-to-Debt falls into.

Daybreak Oil & Gas 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.

Daybreak Oil & Gas's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	0.299	/	(0.418	+	0.119)
	=	0.56

Daybreak Oil & Gas's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	0.299	/	(0.418	+	0.119)
	=	0.56

Daybreak Oil & Gas (OTCPK:DBRM) 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.

Daybreak Oil & Gas Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Daybreak Oil & Gas's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Daybreak Oil & Gas (Daybreak Oil & Gas) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 North Argonne Road, Suite A 211, Spokane Valley, WA, USA, 99212

Website

https://www.daybreakoilandgas.com

Daybreak Oil & Gas Inc is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It is developing its shallow oil reserves, where it owns a 3-D seismic survey under lease in Kern County, California, and Michigan. The company's operational projects include the East Slopes Project and the Michigan Basin Project.

Executives

Gaelic Resources Ltd	10 percent owner	14 ALBERT STREET, DOUGLAS Y8 IM1 2QA
Darren Williams	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
James F Westmoreland	director, 10 percent owner, officer: President & CEO	1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212
James F. Meara	director	C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201
Timothy R Lindsey	director	1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212
Maximilian Investors Llc	10 percent owner	152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019
Wayne G Dotson	director	601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201
Karol Lynn Adams	officer: Corporate Secretary	DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201
Anna Moe	other: Spouse of director	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Keith Hooper	10 percent owner	1529 WEST ADAMS STREET, CHICAGO IL 60607
Benjamin Wade Anderson	officer: Chief Operating Officer	1023 E 760 S, OREM UT 84097
Eric Moe	officer: Chief Executive Officer	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Robert N Martin	director, officer: President	621 B 37 STREET SW, CALGARY A0 T3C 1R8
Jeffrey Robert Dworkin	director, officer: Secretary	320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5
Curtis Michael Charles Peter	director	161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7

Daybreak Oil & Gas (Daybreak Oil & Gas) Headlines

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