Reconnaissance Energy Africa (TSXV:RECO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

Reconnaissance Energy Africa Cash-to-Debt Chart

Reconnaissance Energy Africa Annual Data
	Trend	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Dec20
Cash-to-Debt		Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	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 Reconnaissance Energy Africa's Cash-to-Debt

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.

Reconnaissance Energy Africa's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Reconnaissance Energy Africa had no debt ⁽¹⁾.

Reconnaissance Energy Africa's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Reconnaissance Energy Africa had no debt ⁽¹⁾.

* 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.

Reconnaissance Energy Africa  (TSXV:RECO) 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.

Reconnaissance Energy Africa Cash-to-Debt Related Terms

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Reconnaissance Energy Africa (TSXV:RECO) Business Description