Boart Longyear (ASX:BLY) Cash-to-Debt : 0.19 (As of Dec. 2023)

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What is Boart Longyear 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. Boart Longyear's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.19.

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, Boart Longyear 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 Boart Longyear's Cash-to-Debt or its related term are showing as below:

ASX:BLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.24
Current: 0.19

During the past 13 years, Boart Longyear's highest Cash to Debt Ratio was 0.24. The lowest was 0.03. And the median was 0.11.

ASX:BLY's Cash-to-Debt is ranked worse than
70.21% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.5 vs ASX:BLY: 0.19

Boart Longyear Cash-to-Debt Historical Data

The historical data trend for Boart Longyear'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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Boart Longyear Cash-to-Debt Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.14

0.17

0.19

Boart Longyear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.18	0.17	0.20	0.19

Competitive Comparison of Boart Longyear's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Boart Longyear'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.

Boart Longyear's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Boart Longyear's Cash-to-Debt falls into.

Boart Longyear 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.

Boart Longyear's Cash to Debt Ratio for the fiscal year 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)
	=	71.584	/	(27.185	+	347.485)
	=	0.19

Boart Longyear'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)
	=	71.584	/	(27.185	+	347.485)
	=	0.19

Boart Longyear (ASX:BLY) 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.

Boart Longyear Cash-to-Debt Related Terms

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Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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