Tuscany International Drilling, (FRA:TS1) Cash-to-Debt : 0.05 (As of Mar. 2014)

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What is Tuscany International Drilling, 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. Tuscany International Drilling,'s cash to debt ratio for the quarter that ended in Mar. 2014 was 0.05.

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, Tuscany International Drilling, couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2014.

The historical rank and industry rank for Tuscany International Drilling,'s Cash-to-Debt or its related term are showing as below:

FRA:TS1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 13.88
Current: 0.03

During the past 5 years, Tuscany International Drilling,'s highest Cash to Debt Ratio was 13.88. The lowest was 0.03. And the median was 0.07.

FRA:TS1's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.47 vs FRA:TS1: 0.03

Tuscany International Drilling, Cash-to-Debt Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Cash-to-Debt Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Cash-to-Debt

13.81

0.68

0.07

0.03

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.04	0.01	0.03	0.05

Competitive Comparison of Tuscany International Drilling,'s Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Tuscany International Drilling,'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.

Tuscany International Drilling,'s Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tuscany International Drilling,'s Cash-to-Debt falls into.

Tuscany International Drilling, 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.

Tuscany International Drilling,'s Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 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)
	=	4.591	/	(149	+	0)
	=	0.03

Tuscany International Drilling,'s Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	7.772	/	(156.695	+	0)
	=	0.05

Tuscany International Drilling, (FRA:TS1) 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.

Tuscany International Drilling, Cash-to-Debt Related Terms

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Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

Tuscany International Drilling, (FRA:TS1) Headlines

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