Source Rock Royalties (Source Rock Royalties) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Source Rock Royalties 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. Source Rock Royalties's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Source Rock Royalties could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

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

During the past 4 years, Source Rock Royalties's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

SRRRF's Cash-to-Debt is ranked better than
99.9% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.49 vs SRRRF: No Debt

Source Rock Royalties Cash-to-Debt Historical Data

The historical data trend for Source Rock Royalties'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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Source Rock Royalties Cash-to-Debt Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Source Rock Royalties's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's Cash-to-Debt falls into.

Source Rock Royalties 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.

Source Rock Royalties's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Source Rock Royalties had no debt ⁽¹⁾.

Source Rock Royalties's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Source Rock Royalties had no debt ⁽¹⁾.

Source Rock Royalties (GREY:SRRRF) 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.

Source Rock Royalties Cash-to-Debt Related Terms

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

Source Rock Royalties (Source Rock Royalties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (GREY:SRRRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SRR:Canada

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Source Rock Royalties (Source Rock Royalties) Headlines

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Source Rock Royalties (Source Rock Royalties) Cash-to-Debt : No Debt (1) (As of Dec. 2023)