Coil Tubing Technology (Coil Tubing Technology) Cash-to-Debt : 0.13 (As of Sep. 2015)

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What is Coil Tubing Technology 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. Coil Tubing Technology's cash to debt ratio for the quarter that ended in Sep. 2015 was 0.13.

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, Coil Tubing Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2015.

The historical rank and industry rank for Coil Tubing Technology's Cash-to-Debt or its related term are showing as below:

CTBG's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

Coil Tubing Technology Cash-to-Debt Historical Data

The historical data trend for Coil Tubing Technology'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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Coil Tubing Technology Cash-to-Debt Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Cash-to-Debt

0.81

5.62

0.79

0.27

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Cash-to-Debt	Get a 7-Day Free Trial											1.17	0.27	0.18	0.14	0.13

Competitive Comparison of Coil Tubing Technology's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Coil Tubing Technology'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.

Coil Tubing Technology's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Coil Tubing Technology's Cash-to-Debt falls into.

Coil Tubing Technology 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.

Coil Tubing Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2014 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)
	=	1.28	/	(0.19	+	4.623)
	=	0.27

Coil Tubing Technology's Cash to Debt Ratio for the quarter that ended in Sep. 2015 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)
	=	0.676	/	(0.131	+	5.261)
	=	0.13

Coil Tubing Technology (OTCPK:CTBG) 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.

Coil Tubing Technology Cash-to-Debt Related Terms

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Coil Tubing Technology (Coil Tubing Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.

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