Royal Helium (TSXV:RHC) Cash-to-Debt : 0.00 (As of Mar. 2024)

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What is Royal Helium 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. Royal Helium's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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, Royal Helium couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

During the past 11 years, Royal Helium's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

TSXV:RHC's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.485
* Ranked among companies with meaningful Cash-to-Debt only.

Royal Helium Cash-to-Debt Historical Data

The historical data trend for Royal Helium'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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Royal Helium Cash-to-Debt Chart

Royal Helium Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

0.07

Royal Helium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.04	0.06	0.07	-

Competitive Comparison of Royal Helium's Cash-to-Debt

For the Oil & Gas E&P subindustry, Royal Helium'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.

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

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

* The bar in red indicates where Royal Helium's Cash-to-Debt falls into.

Royal Helium 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.

Royal Helium's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	2.612	/	(4.881	+	30.632)
	=	0.07

Royal Helium's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.016	/	(4.932	+	32.215)
	=	0.00

Royal Helium (TSXV:RHC) 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.

Royal Helium Cash-to-Debt Related Terms

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

Royal Helium (TSXV:RHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royal Helium Ltd (TSXV:RHC) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

RHCCF:USA RD31:Germany

Address

224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. Its project includes Saskatchewan Helium Play Elements for Success.

Executives

John Styles

Deemed Insider - 6 Months before becoming Insider

Royal Helium (TSXV:RHC) Headlines

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