Eco (Atlantic) Oil & Gas (TSXV:EOG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Eco (Atlantic) 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. Eco (Atlantic) Oil & Gas'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, Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas's Cash-to-Debt or its related term are showing as below:

TSXV:EOG' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.53 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Eco (Atlantic) Oil & Gas's highest Cash to Debt Ratio was No Debt. The lowest was 12.53. And the median was No Debt.

TSXV:EOG's Cash-to-Debt is ranked better than
99.9% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.485 vs TSXV:EOG: No Debt

Eco (Atlantic) Oil & Gas Cash-to-Debt Historical Data

The historical data trend for Eco (Atlantic) 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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Eco (Atlantic) Oil & Gas Cash-to-Debt Chart

Eco (Atlantic) Oil & Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

38.25

No Debt

Eco (Atlantic) Oil & Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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 Eco (Atlantic) Oil & Gas's Cash-to-Debt

For the Oil & Gas E&P subindustry, Eco (Atlantic) 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.

Eco (Atlantic) Oil & Gas's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Eco (Atlantic) Oil & Gas's Cash-to-Debt falls into.

Eco (Atlantic) 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.

Eco (Atlantic) Oil & Gas's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Eco (Atlantic) Oil & Gas had no debt ⁽¹⁾.

Eco (Atlantic) Oil & Gas's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Eco (Atlantic) Oil & Gas had no debt ⁽¹⁾.

Eco (Atlantic) Oil & Gas (TSXV:EOG) 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.

Eco (Atlantic) Oil & Gas Cash-to-Debt Related Terms

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

Eco (Atlantic) Oil & Gas (TSXV:EOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eco (Atlantic) Oil & Gas Ltd (TSXV:EOG) » Definitions » Cash-to-Debt

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ECAOF:USA ECO:UK

Address

181 Bay Street, Suite 320, Toronto, ON, CAN, M5J 2T3

Website

http://www.ecooilandgas.com

Eco (Atlantic) Oil & Gas Ltd is an oil and gas exploration and development company. The company focused on the identification, acquisition, and development of petroleum opportunities around the world. Its project includes Orinduik Block; Cooper Block (PEL 030); Sharon Block (PEL 033); Guy Block (PEL 034) and Tamar Block (PEL 050) in Guyana and Namibia.

Executives