Altus Midstream Co (Altus Midstream Co) Cash-to-Debt : 0.20 (As of Dec. 2021)

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What is Altus Midstream Co 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. Altus Midstream Co's cash to debt ratio for the quarter that ended in Dec. 2021 was 0.20.

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, Altus Midstream Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2021.

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

ALTM's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Altus Midstream Co Cash-to-Debt Historical Data

The historical data trend for Altus Midstream Co'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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Altus Midstream Co Cash-to-Debt Chart

Altus Midstream Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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No Debt

0.02

0.04

0.20

Altus Midstream Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.08	0.11	0.17	0.20

Competitive Comparison of Altus Midstream Co's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Altus Midstream Co'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.

Altus Midstream Co's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Altus Midstream Co's Cash-to-Debt falls into.

Altus Midstream Co 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.

Altus Midstream Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	131.963	/	(0	+	657)
	=	0.20

Altus Midstream Co's Cash to Debt Ratio for the quarter that ended in Dec. 2021 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)
	=	131.963	/	(0	+	657)
	=	0.20

Altus Midstream Co (NAS:ALTM) 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.

Altus Midstream Co Cash-to-Debt Related Terms

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Altus Midstream Co (Altus Midstream Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altus Midstream Co (NAS:ALTM) » Definitions » Cash-to-Debt

Comparable Companies

DHT NVGS PBFX INSW SHSE:600617 GLP BROG HKSE:00934 SZSE:002267 OCSE:TRMD A

Traded in Other Exchanges

N/A

Address

2000 Post Oak Boulevard, One Post Oak Central, Suite 100, Houston, TX, USA, 77056-4400

Website

http://www.altusmidstream.com

Altus Midstream Co is the United States-based midstream corporation. Through its consolidated subsidiaries, it owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.