Matrix Service Co (Matrix Service Co) Cash-to-Debt : 2.08 (As of Dec. 2023)

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What is Matrix Service Co 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. Matrix Service Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.08.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Matrix Service Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Matrix Service Co's Cash-to-Debt or its related term are showing as below:

MTRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 2.7 Max: No Debt
Current: 2.08

During the past 13 years, Matrix Service Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.36. And the median was 2.70.

MTRX's Cash-to-Debt is ranked better than
70.55% of 1664 companies
in the Construction industry
Industry Median: 0.64 vs MTRX: 2.08

Matrix Service Co Cash-to-Debt Historical Data

The historical data trend for Matrix Service Co'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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Matrix Service Co Cash-to-Debt Chart

Matrix Service Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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16.78

2.72

3.16

1.29

1.55

Matrix Service Co 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															0.75	1.17	1.55	0.80	2.08

Competitive Comparison of Matrix Service Co's Cash-to-Debt

For the Engineering & Construction subindustry, Matrix Service Co'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.

Matrix Service Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Matrix Service Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Matrix Service Co's Cash-to-Debt falls into.

Matrix Service Co 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.

Matrix Service Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	54.812	/	(4.661	+	30.66)
	=	1.55

Matrix Service Co'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)
	=	47.16	/	(3.981	+	18.655)
	=	2.08

Matrix Service Co (NAS:MTRX) 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.

Matrix Service Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Matrix Service Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Matrix Service Co (Matrix Service Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Matrix Service Co (NAS:MTRX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MX2:Germany MX2:Germany

Address

15 East, 5th Street, Suite 1100, Tulsa, OK, USA, 74103

Website

https://www.matrixservice.com

Matrix Service Co is an engineering and construction provider for large industrial projects, primarily in the oil and gas, power, petrochemical, industrial, mining, and minerals markets. It offers engineering, fabrication, construction, and maintenance services, operating across three segments namely Utility and Power Infrastructure; Process and Industrial Facilities and Storage and Terminal Solutions.

Executives

Justin D Sheets	officer: Vice President, Legal & Risk	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
James Harry Miller	director	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John R Hewitt	officer: President & CEO	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Douglas J Montalbano	officer: President, Matrix NAC	15 EAST 15TH STREET, SUITE 1100, TULSA OK 74103
Shawn P Payne	officer: President, Matrix Service	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Bustamante Jose Luis M.	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD., IRVING TX 75039
Kevin A Durkin	officer: VP BUS DEVELOPMENT MSI	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John D Chandler	director	ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172
Kevin S Cavanah	officer: VP - Accounting & Fin Report	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Carlin G. Conner	director	6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Nancy E Downs	officer: Vice President/Human Resources	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Joseph F Montalbano	officer: VP / Chief Operating Officer	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Glyn A Rodgers	officer: President, Matrix PDM Eng	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Alan R Updyke	officer: President, Matrix Service	5100 EAST SKELLY DRIVE, SUITE 500, TULSA OK 74135
Rick J Bennett	officer: VP & Chief Information Officer	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135