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NINE (Nine Energy Service) Cash-to-Debt : 0.04 (As of Sep. 2024)


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What is Nine Energy Service 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. Nine Energy Service's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.04.

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, Nine Energy Service 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 Nine Energy Service's Cash-to-Debt or its related term are showing as below:

NINE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.75
Current: 0.04

During the past 9 years, Nine Energy Service's highest Cash to Debt Ratio was 0.75. The lowest was 0.02. And the median was 0.08.

NINE's Cash-to-Debt is ranked worse than
90.27% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs NINE: 0.04

Nine Energy Service Cash-to-Debt Historical Data

The historical data trend for Nine Energy Service'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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Nine Energy Service Cash-to-Debt Chart

Nine Energy Service Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only 0.24 0.18 0.06 0.05 0.08

Nine Energy Service Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.08 0.03 0.07 0.04

Competitive Comparison of Nine Energy Service's Cash-to-Debt

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


Nine Energy Service's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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



Nine Energy Service 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.

Nine Energy Service's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Nine Energy Service's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* 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.


Nine Energy Service  (NYSE:NINE) 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.


Nine Energy Service Cash-to-Debt Related Terms

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


Nine Energy Service Business Description

Traded in Other Exchanges
Address
2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the U.S, Canada, and other countries where majority of the revenue is generated from the United States.
Executives
Guy Sirkes officer: SVP and CFO 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox director, officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
David Crombie officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz officer: Chief Accounting Officer 4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Ernie L Danner director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Darryl Keith Willis director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier 10 percent owner 5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc 10 percent owner 600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston officer: Chief Accounting Officer 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan officer: See Remarks 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas director P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership 10 percent owner 600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p. 10 percent owner 600 TRAVIS ST., STE. 6600, HOUSTON TX 77002