Suburban Propane Partners LP (Suburban Propane Partners LP) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Suburban Propane 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. Suburban Propane Partners LP's cash to debt ratio for the quarter that ended in Dec. 2023 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, Suburban Propane Partners LP couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SPH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.12
Current: 0.01

During the past 13 years, Suburban Propane Partners LP's highest Cash to Debt Ratio was 0.12. The lowest was 0.00. And the median was 0.01.

SPH's Cash-to-Debt is ranked worse than
94.9% of 490 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs SPH: 0.01

Suburban Propane Partners LP Cash-to-Debt Historical Data

The historical data trend for Suburban Propane 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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Suburban Propane Partners LP Cash-to-Debt Chart

Suburban Propane Partners LP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.01

Suburban Propane Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.01	-	0.01

Competitive Comparison of Suburban Propane Partners LP's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Suburban Propane 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.

Suburban Propane Partners LP's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Cash-to-Debt distribution charts can be found below:

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

Suburban Propane 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.

Suburban Propane Partners LP's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 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)
	=	3.514	/	(33.562	+	1296.705)
	=	0.00

Suburban Propane Partners LP's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	6.28	/	(33.471	+	1347.63)
	=	0.00

Suburban Propane Partners LP (NYSE:SPH) 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.

Suburban Propane Partners LP Cash-to-Debt Related Terms

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Suburban Propane Partners LP (Suburban Propane Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suburban Propane Partners LP (NYSE:SPH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Route 10 West, P.O. Box 206, Whippany, NJ, USA, 07981

Website

https://www.suburbanpropane.com

Suburban Propane Partners LP distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. The company operates in three segments: Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. It generates maximum revenue from Propane segment.

Executives

Michael A Stivala	officer: Controller	C/O SUBURBAN PROPANE PARTNERS LP, P O BOX 206, WHIPPANY NJ 07981
Douglas Brinkworth	officer: Vice President, Product Supply	C/O SUBURBAN PROPANE PARTERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Nandini Sankara	officer: VP Mark. & Brand Strategy	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Samuel Hodges	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Brent Stubbs	officer: VP - Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Alejandro Centeno	officer: VP, Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Logan Harold R Jr	director
Rommel Oates	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Amy Adams	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Michael A Schueler	officer: Vice President-Product Supply	C/O SUBURBAN PROPANE, 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Bryon L Koepke	officer: VP,Gen.Counsel & Secretary	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Dee Arthur Tate	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Daniel W. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPANNY NJ 07981-0206
Gregory L. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Francesca Cleffi	officer: Vice President,Human Resources	C/O SUBURBAN PROPANE PARTNERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206