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Canadian Spirit Resources (TSXV:SPI) Debt-to-Revenue : 0.04 (As of Mar. 2024)


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What is Canadian Spirit Resources Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Canadian Spirit Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.01 Mil. Canadian Spirit Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. Canadian Spirit Resources's annualized Revenue for the quarter that ended in Mar. 2024 was C$0.62 Mil. Canadian Spirit Resources's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.


Canadian Spirit Resources Debt-to-Revenue Historical Data

The historical data trend for Canadian Spirit Resources's Debt-to-Revenue 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.

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Canadian Spirit Resources Debt-to-Revenue Chart

Canadian Spirit Resources Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - N/A N/A N/A

Canadian Spirit Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 0.09 N/A 0.04

Competitive Comparison of Canadian Spirit Resources's Debt-to-Revenue

For the Oil & Gas E&P subindustry, Canadian Spirit Resources's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Canadian Spirit Resources's Debt-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Spirit Resources's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Canadian Spirit Resources's Debt-to-Revenue falls into.



Canadian Spirit Resources Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Canadian Spirit Resources's Debt-to-Revenue for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.004 + 0.034) / N/A
=N/A

Canadian Spirit Resources's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.006 + 0.017) / 0.616
=0.04

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Canadian Spirit Resources Debt-to-Revenue Related Terms

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Canadian Spirit Resources Business Description

Traded in Other Exchanges
N/A
Address
140 - 4th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 3N3
Canadian Spirit Resources Inc is a natural resources company. It focuses on the identification and development of opportunities in the unconventional natural gas sector of the energy industry.
Executives
Elmag Investments Inc. 10% Security Holder