Pioneer Energy Services (FRA:YGO) Cash-to-Debt : 0.10 (As of Jun. 2020)

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What is Pioneer 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. Pioneer Energy Services's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.10.

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, Pioneer Energy Services couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

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

FRA:YGO's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Pioneer Energy Services Cash-to-Debt Historical Data

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

Pioneer Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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0.04

0.03

0.16

0.12

0.05

Pioneer Energy Services Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.06	0.05	0.09	0.10

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

For the Oil & Gas Drilling subindustry, Pioneer 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.

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

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

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

Pioneer 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.

Pioneer Energy Services's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	22.157	/	(0	+	426.059)
	=	0.05

Pioneer Energy Services's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	13.463	/	(0	+	129.739)
	=	0.10

Pioneer Energy Services (FRA:YGO) 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.

Pioneer Energy Services Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Pioneer Energy Services's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Energy Services (FRA:YGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Energy Services Corp (FRA:YGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

1250 North East Loop 410, Suite 1000, San Antonio, TX, USA, 78209

Website

http://www.pioneeres.com

Pioneer Energy Services Corp is a US-based company provides land-based drilling services and production services to a diverse group of independent and oil and gas exploration and production companies in the United States and internationally in Colombia. It provides coiled tubing and wireline services offshore in the Gulf of Mexico. The company operates through two segments. The Drilling Services segment is further is divided as Domestic Drilling and International Drilling includes drilling rig, crews, supplies, and most of the ancillary equipment needed. The Production Services segment is further is divided as Well Servicing, Wireline Services, and Coiled Tubing Services to producers.

Pioneer Energy Services (FRA:YGO) Headlines

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