VTOL (Bristow Group) Cash-to-Debt : 0.22 (As of Sep. 2024)

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What is Bristow Group 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. Bristow Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.22.

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

VTOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.27 Max: 0.37
Current: 0.22

During the past 5 years, Bristow Group's highest Cash to Debt Ratio was 0.37. The lowest was 0.17. And the median was 0.27.

VTOL's Cash-to-Debt is ranked worse than
67.68% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs VTOL: 0.22

Bristow Group Cash-to-Debt Historical Data

The historical data trend for Bristow Group'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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Bristow Group Cash-to-Debt Chart

Bristow Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Cash-to-Debt

N/A

0.23

0.29

0.37

0.22

Bristow Group Quarterly Data
	Jun19	Sep19	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															0.25	0.22	0.17	0.21	0.22

Competitive Comparison of Bristow Group's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Bristow Group'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.

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

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

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

Bristow Group 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.

Bristow Group'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)
	=	180.265	/	(88.535	+	749.78)
	=	0.22

Bristow Group'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)
	=	200.349	/	(94.994	+	812.557)
	=	0.22

Bristow Group (NYSE:VTOL) 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.

Bristow Group Cash-to-Debt Related Terms

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Bristow Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bristow Group Inc (NYSE:VTOL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3151 Briarpark Drive, 7th Floor, Suite 700, Houston, TX, USA, 77042

Website

https://www.bristowgroup.com

Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of integrated, national, and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed-wing transportation and other aviation-related solutions. Its energy customers charter its helicopters to transport personnel to, from, and between onshore bases and offshore production platforms, drilling rigs, and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K. and the United States.

Executives

Solus Alternative Asset Management Lp	10 percent owner	25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Jennifer Dawn Whalen	officer: SVP, CFO	13103 SHOALWATER LANE, PEARLAND TX 77584
Brian D. Truelove	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David F. Stepanek	officer: Executive VP and COO	2001 SE EVANGELINE THRUWAY, LAFAYETTE LA 70508
Wesley E. Kern	director	5004 GREGORY PLACE, WEST LAKE HILLS TX 78746
Maryanne Miller	director	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042
Lorin L. Brass	director	46652 278TH ST., LENNOX SD 57039
Stuart Stavley	officer: COO, Offshore Energy Services	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 77024
Elizabeth Matthews	officer: See remarks.	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042
Christopher Scott Bradshaw	director, officer: President and CEO	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 33316
George Mark Mickelson	director	101 N. MAIN AVENUE, STE. 321, SIOUX FALLS SD 57104
Christopher Pucillo	director, 10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Solus Gp Llc	10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Richard E Tatum	officer: VP, Chief Accounting Officer	11700 KATY FREEWAY, SUITE 175, HOUSTON TX 77079
Robert Manzo	director	PARK 80 W PLZ 2, SADDLE BROOK NJ 07663