TTI (Tetra Technologies) Cash-to-Debt : 0.23 (As of Sep. 2024)

View and export this data going back to 1990. Start your Free Trial

What is Tetra Technologies 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. Tetra Technologies's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.23.

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, Tetra Technologies 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 Tetra Technologies's Cash-to-Debt or its related term are showing as below:

TTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.27
Current: 0.23

During the past 13 years, Tetra Technologies's highest Cash to Debt Ratio was 0.27. The lowest was 0.02. And the median was 0.06.

TTI's Cash-to-Debt is ranked worse than
66.97% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs TTI: 0.23

Tetra Technologies Cash-to-Debt Historical Data

The historical data trend for Tetra Technologies'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.

* Premium members only.

Tetra Technologies Cash-to-Debt Chart

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.27

0.17

0.07

0.27

Tetra Technologies 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															0.17	0.27	0.17	0.18	0.23

Competitive Comparison of Tetra Technologies's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Tetra Technologies'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.

Tetra Technologies's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tetra Technologies's Cash-to-Debt falls into.

Tetra Technologies 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.

Tetra Technologies'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)
	=	52.485	/	(9.101	+	185.043)
	=	0.27

Tetra Technologies'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)
	=	48.355	/	(8.741	+	205.571)
	=	0.23

Tetra Technologies (NYSE:TTI) 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.

Tetra Technologies Cash-to-Debt Related Terms

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

Tetra Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (NYSE:TTI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The company derives maximum revenue from United states.

Executives

Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Christian A Garcia	director	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Roy Mcniven	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Matthew Sanderson	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Timothy C Moeller	officer: VP & Chief Procurement Officer	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Brady M Murphy	officer: President & COO	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	officer: Sr. Vice President & CFO	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mcgee Sharon D. Booth	director	24955 I-45 NORTH, THE WOODLANDS TX 77380
Richard D O'brien	officer: VP-Finance & Global Controller	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Boston Shoemake Alicia R	officer: General Counsel	24955 I-45 NORTH, THE WOODLANDS TX 77380
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gina Luna	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Wallace Bass C Jr	officer: General Counsel & Secretary	24955 INTERSTATE 45 N, THE WOODLANDS X1 77380
Mark E Baldwin	director	TETRA TECHNOLOGIES, INC., 24955 I 45 N, THE WOODLANDS TX 77380