Tenth Avenue Petroleum (TSXV:TPC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Tenth Avenue Petroleum 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. Tenth Avenue Petroleum's cash to debt ratio for the quarter that ended in Mar. 2024 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, Tenth Avenue Petroleum could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Tenth Avenue Petroleum's Cash-to-Debt or its related term are showing as below:

TSXV:TPC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 53.26 Max: No Debt
Current: No Debt

During the past 13 years, Tenth Avenue Petroleum's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 53.26.

TSXV:TPC's Cash-to-Debt is ranked better than
99.9% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.48 vs TSXV:TPC: No Debt

Tenth Avenue Petroleum Cash-to-Debt Historical Data

The historical data trend for Tenth Avenue Petroleum'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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Tenth Avenue Petroleum Cash-to-Debt Chart

Tenth Avenue Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.05

1.23

No Debt

Tenth Avenue Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Tenth Avenue Petroleum's Cash-to-Debt

For the Oil & Gas E&P subindustry, Tenth Avenue Petroleum'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.

Tenth Avenue Petroleum's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tenth Avenue Petroleum's Cash-to-Debt falls into.

Tenth Avenue Petroleum 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.

Tenth Avenue Petroleum's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Tenth Avenue Petroleum had no debt ⁽¹⁾.

Tenth Avenue Petroleum's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Tenth Avenue Petroleum had no debt ⁽¹⁾.

Tenth Avenue Petroleum (TSXV:TPC) 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.

Tenth Avenue Petroleum Cash-to-Debt Related Terms

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Tenth Avenue Petroleum (TSXV:TPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenth Avenue Petroleum Corp (TSXV:TPC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 - 15th Avenue SW, Suite 2003, Calgary, AB, CAN, T2R 1S4

Website

https://www.tenthavenuepetroleum.com

Tenth Avenue Petroleum Corp is a junior oil and gas exploration, production and development company. It explores and develops petroleum and natural gas properties in Western Canada. The company generates its revenue from the sale of oil, natural gas and NGLs. Its property comprises oil and natural gas assets and water-well assets.

Executives

Fern Macdonald

10% Security Holder