Tidewater Midstream and Infrastructure (Tidewater Midstream and Infrastructure) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Tidewater Midstream and Infrastructure 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. Tidewater Midstream and Infrastructure's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, Tidewater Midstream and Infrastructure 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 Tidewater Midstream and Infrastructure's Cash-to-Debt or its related term are showing as below:

TWMIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.44
Current: 0.44

During the past 9 years, Tidewater Midstream and Infrastructure's highest Cash to Debt Ratio was 0.44. The lowest was 0.01. And the median was 0.02.

TWMIF's Cash-to-Debt is ranked worse than
52.1% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.49 vs TWMIF: 0.44

Tidewater Midstream and Infrastructure Cash-to-Debt Historical Data

The historical data trend for Tidewater Midstream and Infrastructure'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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Tidewater Midstream and Infrastructure Cash-to-Debt Chart

Tidewater Midstream and Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.02

0.44

Tidewater Midstream and Infrastructure 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															-	0.02	-	0.44	0.02

Competitive Comparison of Tidewater Midstream and Infrastructure's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure'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.

Tidewater Midstream and Infrastructure's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tidewater Midstream and Infrastructure's Cash-to-Debt falls into.

Tidewater Midstream and Infrastructure 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.

Tidewater Midstream and Infrastructure'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)
	=	250.969	/	(394.902	+	178.295)
	=	0.44

Tidewater Midstream and Infrastructure'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)
	=	9.087	/	(200.502	+	193.189)
	=	0.02

Tidewater Midstream and Infrastructure (OTCPK:TWMIF) 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.

Tidewater Midstream and Infrastructure Cash-to-Debt Related Terms

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

Tidewater Midstream and Infrastructure (Tidewater Midstream and Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidewater Midstream and Infrastructure Ltd (OTCPK:TWMIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TL5:Germany TWM:Canada

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities. Its business segments consist of Midstream; Downstream; Marketing and others. The company generates maximum revenue from the Marketing and other.