Blueknight Energy Partners LP (Blueknight Energy Partners LP) Cash-to-Debt : 0.01 (As of Jun. 2022)

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What is Blueknight Energy Partners LP 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. Blueknight Energy Partners LP's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.01.

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, Blueknight Energy Partners LP couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

The historical rank and industry rank for Blueknight Energy Partners LP's Cash-to-Debt or its related term are showing as below:

BKEPP.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.11
Current: 0.01

During the past 13 years, Blueknight Energy Partners LP's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.01.

BKEPP.PFD's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.49 vs BKEPP.PFD: 0.01

Blueknight Energy Partners LP Cash-to-Debt Historical Data

The historical data trend for Blueknight Energy Partners LP'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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Blueknight Energy Partners LP Cash-to-Debt Chart

Blueknight Energy Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.01

Blueknight Energy Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Cash-to-Debt	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Competitive Comparison of Blueknight Energy Partners LP's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Blueknight Energy Partners LP'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.

Blueknight Energy Partners LP's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Blueknight Energy Partners LP's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Blueknight Energy Partners LP's Cash-to-Debt falls into.

Blueknight Energy Partners LP 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.

Blueknight Energy Partners LP'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)
	=	1.172	/	(1.418	+	104.703)
	=	0.01

Blueknight Energy Partners LP's Cash to Debt Ratio for the quarter that ended in Jun. 2022 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)
	=	0.774	/	(1.369	+	120.051)
	=	0.01

Blueknight Energy Partners LP (NAS:BKEPP.PFD) 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.

Blueknight Energy Partners LP Cash-to-Debt Related Terms

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Blueknight Energy Partners LP (Blueknight Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blueknight Energy Partners LP (NAS:BKEPP.PFD) » Definitions » Cash-to-Debt

Comparable Companies

NGL OSG SMLP MMLP GLOP DLNG GPP HMLP SNMP TK TSX:ENB EPD TSX:TRP LNG KMI WMB ET MPLX CQP OKE

Traded in Other Exchanges

N/A

Address

6060 American Plaza, Suite 600, Tulsa, OK, USA, 74135

Website

http://www.bkep.com

Blueknight Energy Partners LP is a limited partnership operating in the US. The company is engaged in providing storage, gathering, and distribution services that support the domestic transportation infrastructure markets.

Executives

Matthew R Lewis	officer: Chief Financial Officer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
D Andrew Woodward	officer: Chief Financial Officer	C/O ANDX, FINDLAY OH 45840
Michael G Mclanahan	officer: Chief Accounting Officer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Joel Pastorek	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Wiley Rebhun Adams	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Joel Kanvik	officer: Cheif Legal Officer	6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Edward Drew Brooks	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Jimmy Arden Langdon	director	2829 LAKELAND DRIVE, FLOWOOD MS 39232
Robert Howard Lampton	director	2829 LAKELAND DRIVE, 2000, FLOWOOD MS 39232
William Walter Lampton	director	2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Donald M Brooks	director	6165 W. DETROIT ST., CHANDLER AZ 85284
Michael R Eisenson	director	C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210
Charlesbank Capital Partners Llc	10 percent owner, other: Director by Deputization	600 ATLANTIC AVENUE, BOSTON MA 02210
Cb-blueknight, Llc	10 percent owner, other: Director by Deputization	200 CLARENDON STREET, FLOOR 54, BOSTON MA 02116
Jon Biotti	director	C/O CHARLESBANK CAPITAL PARTNERS LLC, 200 CLARENDON STREET, 54TH FLOOR, BOSTON MA 02109