Basic Energy Services (Basic Energy Services) Cash-to-Debt : 0.01 (As of Mar. 2021)

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What is Basic Energy Services 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. Basic Energy Services's cash to debt ratio for the quarter that ended in Mar. 2021 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, Basic Energy Services couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

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

BASWQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: No Debt
Current: 0.01

During the past 13 years, Basic Energy Services's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.12.

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

Basic Energy Services Cash-to-Debt Historical Data

The historical data trend for Basic Energy Services'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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Basic Energy Services Cash-to-Debt Chart

Basic Energy Services Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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0.44

0.12

0.27

0.11

0.01

Basic Energy Services Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.03	0.02	0.01	0.01

Competitive Comparison of Basic Energy Services's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Basic Energy Services'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.

Basic Energy Services's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Basic Energy Services's Cash-to-Debt falls into.

Basic Energy Services 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.

Basic Energy Services's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	1.902	/	(9.456	+	332.264)
	=	0.01

Basic Energy Services's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	4.889	/	(8.639	+	335.767)
	=	0.01

Basic Energy Services (OTCPK:BASWQ) 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.

Basic Energy Services Cash-to-Debt Related Terms

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Basic Energy Services (Basic Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Basic Energy Services Inc (OTCPK:BASWQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Cherry Street, Suite 2100, Fort Worth, TX, USA, 76102

Website

https://www.basices.com

Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.

Executives

Reeb Robert J. Iii	officer: VP and General Counsel	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Michael S Henry	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Pedro R. Buhigas	officer: See Remarks	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Brandon B. Mcguire	officer: SVP, Central Region	801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102
Ross Solomon	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Derek Jeong	director	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Sterling Renshaw	officer: SVP, Western Region	3990 ROGERDALE RD., HOUSTON TX 77042
Lawrence A. First	director	C/O ASCRIBE CAPITAL 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171
Ascribe Iii Investments Llc	10 percent owner	299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Ascribe Capital Llc	10 percent owner	590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
American Securities Llc	10 percent owner	590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Keith L Schilling	director, officer: See Remarks	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
David Scott Schorlemer	officer: See Remarks	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Richard Scott Wegner	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102
Adam Logan Hurley	officer: See Remarks	801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102