Dril-Quip (NYSE:DRQ) Cash-to-Debt

: 11.56 (As of Sep. 2023)

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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. Dril-Quip's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.56.

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, Dril-Quip could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

DRQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.56 Med: No Debt Max: No Debt
Current: 11.56

During the past 13 years, Dril-Quip's highest Cash to Debt Ratio was No Debt. The lowest was 11.56. And the median was No Debt.

DRQ's Cash-to-Debt is ranked better than
78.36% of 1035 companies
in the Oil & Gas industry
Industry Median: 0.50 vs DRQ: 11.56

Dril-Quip Cash-to-Debt Historical Data

The historical data trend for Dril-Quip'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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Dril-Quip Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

78.00

49.74

68.15

61.11

Dril-Quip Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																65.42	61.11	39.68	42.29	11.56

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Dril-Quip'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.

Dril-Quip Cash-to-Debt Distribution

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

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

Dril-Quip 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.

Dril-Quip's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	297.036	/	(1.054	+	3.807)
	=	61.11

Dril-Quip's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	189.983	/	(2.057	+	14.381)
	=	11.56

Dril-Quip (NYSE:DRQ) 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.

Dril-Quip Cash-to-Debt Related Terms

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

Dril-Quip (NYSE:DRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dril-Quip Inc (NYSE:DRQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2050 West Sam Houston Parkway S., Suite 1100, Houston, TX, USA, 77042

Website

https://www.dril-quip.com

Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).

Executives

Carri A. Lockhart	director	6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Donald M Underwood	officer: VP - Subsea Products	6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Kyle Mcclure	officer: Vice President and CFO	10260 WESTHEIMER RD, SUITE 700, HOUSTON TX 77042
Darryl Keith Willis	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Blake T. Deberry	director, officer: President and CEO	13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
John Lovoi	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Terence Bartlett Jupp	director	6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
A P Shukis	director	C/O CORPORATE STRATEGIES INC, 1170 ST JAMES PLACE SUITE 115, HOUSTON TX 77056
James C. Webster	officer: VP - Gen Counsel & Secretary	13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Amy B Schwetz	director	701 MARKET STREET, ST. LOUIS MO 63101
Raj Kumar	officer: VP-Finance & Chief Acct. Off.	6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Jeffrey J. Bird	officer: Vice President and CFO	10260 WESTHEIMER RD., HOUSTON TX 77042
Steven L Newman	director	6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
James A. Gariepy	officer: SR V.P. and COO	13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Robertson L H Dick	director	39 LAKESIDE DRIVE, STAR HARBOR, MALAKOFF TX 75148