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Westar Oil & Gas Inc
OTC:TEXG

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Westar Oil & Gas Inc
OTC:TEXG
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Price: 0.0007 USD Market Closed
Market Cap: 11.8k USD

Bankruptcy Probability

Westar Oil & Gas Inc's probability of bankruptcy is 18.2%, signalling a meaningful chance of default. The solvency score is 20/100 — a sign of moderate financial strength.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Very High
Probability of Bankruptcy

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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0
Cash & ST Investments
+0%
Mar 31, 2007 11k
Dec 31, 2006 17k
Sep 30, 2006 175k
Jun 30, 2006 780k
0
Long-Term Investments
+0%
Mar 31, 2007 0
Dec 31, 2006 0
Sep 30, 2006 0
Jun 30, 2006 0
0
Debt
+0%
Mar 31, 2007 2.6m
Dec 31, 2006 2.6m
Sep 30, 2006 4.6m
Jun 30, 2006 19m

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.