NESR (National Energy Services Reunited) Cash-to-Debt : 0.27 (As of Sep. 2024)

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What is National Energy Services Reunited 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. National Energy Services Reunited's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.27.

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, National Energy Services Reunited couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

NESR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.19 Max: No Debt
Current: 0.17

During the past 7 years, National Energy Services Reunited's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 0.19.

NESR's Cash-to-Debt is ranked worse than
72.54% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs NESR: 0.17

National Energy Services Reunited Cash-to-Debt Historical Data

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

National Energy Services Reunited Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.35

0.14

National Energy Services Reunited Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	N/A	0.14	0.17	0.27

Competitive Comparison of National Energy Services Reunited's Cash-to-Debt

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

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

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

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

National Energy Services Reunited 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.

National Energy Services Reunited'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)
	=	67.821	/	(128.039	+	356.71)
	=	0.14

National Energy Services Reunited's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	118.169	/	(131.104	+	306.73)
	=	0.27

National Energy Services Reunited (NAS:NESR) 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.

National Energy Services Reunited Cash-to-Debt Related Terms

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

National Energy Services Reunited Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Energy Services Reunited Corp (NAS:NESR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

777 Post Oak Boulevard, Suite 730, 7th Floor, Houston, TX, USA, 77056

Website

https://www.nesr.com

National Energy Services Reunited Corp is a British Virgin Islands-based company engaged in providing products and services to the oil and gas industry in the Middle East and North Africa and the Asia Pacific regions. The company has two reportable segments: Production Services including coil tubing, stimulation, and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services; and Drilling and Evaluation Services including drilling and workover rigs, rig services, services, and well-testing services among others. Revenues are majorly derived from production services of an oil or natural gas well.

Executives

Melissa Cougle	officer: Chief Financial Officer	777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
Adnan Ghabris	director	PO BOX 346036 DUBAI C0 00000
Al Noaimi Salem Rashed Abdulla Ali	director	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Capital Pjsc Waha	10 percent owner	LEVEL 42, TOWER 3, ETIHAD TOWERS PO BOX 28922 ABU DHABI C0 00000
Thomas D Wood	director, 10 percent owner, officer: CFO	NATIONAL ENERGY SERVICES REUNITED CORP., 777 POST OAK BLVD, HOUSTON TX 77056
Campo Mejia Antonio J	director	NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD. HOUSTON TX 77056
Waha Energy Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104
Nesr Spv Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED PO BOX 309, UGLAND HOUSE GRAND CAYMAN E9 KY1-1104
Olayan Saudi Holding Co	10 percent owner	P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492
Olayan Financing Co Ltd.	10 percent owner	P.O. BOX 8772, OLAYAN CENTER, AHSAA STREET RIYADH T0 11492
Christine J Morris	officer: Chief Financial Officer	NATIONAL ENERGY SERVICES REUNITED CORP. 777 POST OAK BLVD., 7TH FLOOR HOUSTON TX 77056
Olayan International Ltd	10 percent owner	C/O 111 POSEIDONOS AVE., GLYFADA ATHENS J3 166 10
Olayan Investments Co Establishment	10 percent owner	111 POSEIDONOS AVENUE GLYFADA ATHENS J3 166 10
Sherif Foda	director, 10 percent owner, officer: CEO	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Nesr Holdings Ltd.	10 percent owner	RITTER HOUSE WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110