Unit (UNTC) Cash-to-Debt : 7.76 (As of Dec. 2023)

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What is Unit 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. Unit's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.76.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Unit could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

UNTC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 21.35
Current: 7.76

During the past 13 years, Unit's highest Cash to Debt Ratio was 21.35. The lowest was 0.00. And the median was 0.01.

UNTC's Cash-to-Debt is ranked better than
76.1% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs UNTC: 7.76

Unit Cash-to-Debt Historical Data

The historical data trend for Unit'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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Unit Cash-to-Debt Chart

Unit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

1.83

21.35

7.76

Unit Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															21.35	13.60	17.15	19.38	7.76

Competitive Comparison of Unit's Cash-to-Debt

For the Oil & Gas Integrated subindustry, Unit'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.

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

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

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

Unit 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.

Unit'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)
	=	60.779	/	(4.438	+	3.392)
	=	7.76

Unit's Cash to Debt Ratio for the quarter 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)
	=	60.779	/	(4.438	+	3.392)
	=	7.76

Unit (OTCPK:UNTC) 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.

Unit Cash-to-Debt Related Terms

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Unit (UNTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Unit Corp (OTCPK:UNTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8200 South Unit Drive, Tulsa, OK, USA, 74132

Website

https://www.unitcorp.com

Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling and Mid-stream. The oil and natural gas segment is engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas. Majority of revenue is generated from Oil and Natural Gas.

Executives

Micheal L Hicks	officer: President, Superior Pipeline	8200 S. UNIT DRIVE, TULSA OK 74132
Peyton G Bailey Iv	director	8200 S. UNIT DRIVE, TULSA OK 74132
George L Austin	officer: Sr. VP and CFO	C/O CYPRESS ENERGY PARTNERS, L.P., 5727 S LEWIS AVENUE, SUITE 500, TULSA OK 74105
David P Dunham	officer: Sr VP Business Development	8200 S. UNIT DRIVE, TULSA OK 74132
Frank Q Young	officer: Executive Vice President, UPC	8200 S. UNIT DRIVE, TULSA OK 74132
Carla S Mashinski	director	8200 S. UNIT DRIVE, TULSA OK 74132
Larry C Payne	director	8200 S. UNIT DRIVE, TULSA OK 74132
Don A Hayes	officer: Controller	8200 S. UNIT DRIVE, TULSA OK 74132
Steven B Hildebrand	director	8200 S. UNIT DRIVE, TULSA OK 74132
Brad Guidry	officer: Senior Vice President, UPC	8200 S. UNIT DRIVE, TULSA OK 74132
John Cromling	officer: Executive Vice President, UDC	8200 S. UNIT DRIVE, TULSA OK 74132
Robert Parks	officer: Manager, Superior Pipeline	8200 S. UNIT DRIVE, TULSA OK 74132
Sullivan Robert J Jr	director	8200 S. UNIT DRIVE, TULSA OK 74132
Gary R Christopher	director	8200 S. UNIT DRIVE, TULSA OK 74132
George Kaiser Family Foundation	10 percent owner	7030 SOUTH YALE AVENUE, SUITE 600, TULSA OK 74136