Teekay Offshore Partners LP (Teekay Offshore Partners LP) Cash-to-Debt : 0.08 (As of Jun. 2022)

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What is Teekay Offshore 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. Teekay Offshore Partners LP's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.08.

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, Teekay Offshore 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 Teekay Offshore Partners LP's Cash-to-Debt or its related term are showing as below:

TOO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.14
Current: 0.08

During the past 13 years, Teekay Offshore Partners LP's highest Cash to Debt Ratio was 0.14. The lowest was 0.06. And the median was 0.09.

TOO's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs TOO: 0.08

Teekay Offshore Partners LP Cash-to-Debt Historical Data

The historical data trend for Teekay Offshore 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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Teekay Offshore Partners LP Cash-to-Debt Chart

Teekay Offshore Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.07

0.08

0.11

0.08

0.07

Teekay Offshore 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															0.07	0.07	0.07	0.06	0.08

Competitive Comparison of Teekay Offshore Partners LP's Cash-to-Debt

For the Oil & Gas Midstream subindustry, Teekay Offshore 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.

Teekay Offshore Partners LP's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

Teekay Offshore 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.

Teekay Offshore 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)
	=	200.104	/	(432.596	+	2255.999)
	=	0.07

Teekay Offshore 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)
	=	195.081	/	(900.574	+	1519.966)
	=	0.08

Teekay Offshore Partners LP (NYSE:TOO) 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.

Teekay Offshore Partners LP Cash-to-Debt Related Terms

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Teekay Offshore Partners LP (Teekay Offshore Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Offshore Partners LP (NYSE:TOO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Altera House, Unit 3, Prospect Park, Arnhall Business Park, Westhill, Aberdeenshire, GBR, AB32 6FJ

Website

https://www.alterainfra.com

Altera Infrastructure LP is a global energy infrastructure services provider focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada. The company's assets comprise offshore assets, including floating production, storage, and offloading (FPSO) units, shuttle tankers (including five new builds), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS).

Executives

Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000