5 Mid-Caps With Unsustainable Cash Burn Rates

Burn is most commonly referred to as a company's operating cash flows, less its capital expenditures. Burn should most often be compared to the company's current cash levels to determine whether it would be able to sustain operations with the current burn, or if it would need to access capital markets for external funding. In this case, the companies on our list today have burn rates at more than 10 times its current cash levels. ITC Holdings Corp. ITC - $32.84 Electric Utilities ITC Holdings Corp. is an independent electricity transmission company in the United States that operates, maintains and invests in transmission infrastructure. The Company's customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project.

• Market Cap: $5,173,169,798
• Cash and Short Term Investments (LFQ): $9,114,000
• Free Cash Flow (LFY): -$231,644,000
• Revenues (LTM): $272,487,000

Cabot Oil & Gas Corp. COG - $27.60 Oil & Gas Exploration and Production Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company's exploration, development and production operations are concentrated primarily in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. Cabot also has operations in various other unconventional and conventional plays throughout the continental United States, including the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia.

• Market Cap: $11,543,682,365
• Cash and Short Term Investments (LFQ): $13,948,000
• Free Cash Flow (LFY): -$243,197,000
• Revenues (LTM): $464,765,000

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