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Cabot Oil & Gas’s Key Fundamentals: What Do the Numbers Say?

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Part 3
Cabot Oil & Gas’s Key Fundamentals: What Do the Numbers Say? PART 3 OF 9

Cabot Oil & Gas’s Financial Position: Key Statistics

Debt maturity schedule

Cabot Oil & Gas’s (COG) presentation in August 2017 noted that it had no debt maturing until 2018.

Cabot Oil &amp; Gas’s Financial Position: Key Statistics

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As you can see in the above chart, except for 2018, 2024, and 2026, COG doesn’t have high debt obligations. Commodity prices are likely to improve around the time these debts mature.

Chesapeake Energy (CHK) is another company that doesn’t have near-term debt maturities. However, its debt situation is not as healthy as COG’s. To know more, read What Does Chesapeake Energy’s Debt Position Indicate?

Net debt-to-adjusted capitalization ratio

COG’s net debt-to-adjusted capitalization ratio at the end of 2Q17 was 27.6% compared to 28.5% on December 31, 2016. Total capital is comprised of a company’s debt and shareholder equity. A higher ratio indicates reduced financial flexibility.

COG’s management noted in its 2Q17 earnings conference that its 2Q17 balance sheet was in line with its long-term target. The company noted, “We continue to manage our business around maintaining an investment-grade-like balance sheet.”

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