Vertex Energy (Vertex Energy) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Vertex Energy 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. Vertex Energy's cash to debt ratio for the quarter that ended in Dec. 2023 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, Vertex Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

VTNR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.6
Current: 0.22

During the past 13 years, Vertex Energy's highest Cash to Debt Ratio was 0.60. The lowest was 0.03. And the median was 0.13.

VTNR's Cash-to-Debt is ranked worse than
69.07% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs VTNR: 0.22

Vertex Energy Cash-to-Debt Historical Data

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

Vertex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.60

0.36

0.50

0.22

Vertex Energy 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															0.50	0.29	0.16	0.25	0.22

Competitive Comparison of Vertex Energy's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Vertex Energy'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.

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

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

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

Vertex Energy 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.

Vertex Energy'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)
	=	76.967	/	(39.093	+	311.351)
	=	0.22

Vertex Energy'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)
	=	76.967	/	(39.093	+	311.351)
	=	0.22

Vertex Energy (NAS:VTNR) 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.

Vertex Energy Cash-to-Debt Related Terms

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

Vertex Energy (Vertex Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vertex Energy Inc (NAS:VTNR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VTNR:Mexico 5VE:Germany

Address

1331 Gemini Street, Suite 250, Houston, TX, USA, 77058

Website

https://www.vertexenergy.com

Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.

Executives

Christopher Allen Stratton	director	1331 GEMINI STREET, #250, HOUSTON TX 77058
Alvaro Ruiz	officer: Chief Strategy Officer	86 S KNIGHTS CROSSING DR, THE WOODLANDS TX 77382
James Gary Rhame	officer: Chief Operating Officer	2601 RYDER COURT, LEAGUE CITY TX 77573
Benjamin P Cowart	director, 10 percent owner, officer: CEO AND PRESIDENT	2506 DEEP OAK COURT, HOUSTON TX 77059
Douglas Scott Haugh	officer: Chief Commercial Officer	865 DUNHAM STREET, DANIEL ISLAND SC 29492
Karen Kay Maston	director	3770 OLYMPIA DRIVE, HOUSTON TX 77019
Odeh Khoury	director	6 GREYTON LN, HOUSTON TX 77024
David L Phillips	director	P.O. BOX 37167, HOUSTON TX 77237
John Noel Strickland	officer: COO	2030 ASHTON WAY, BAINBRIDGE GA 39819
Timothy C Harvey	director	15 COLONEL WINSTEAD DRIVE, BRENTWOOD TN 37027
James P Gregory	director	1225 EYE STREET NW SUITE 900, WASHINGTON DC 22209
David Peel	officer: COO	1427 SHELL FISH CT., MT. PLEASANT SC 29466
Dan Borgen	director	9500 NEW CENTURY, PASADENA TX 77507
Matthew Lieb	officer: CHIEF OPERATING OFFICER	13500 EVENING CREEK DRIVE #440, SAN DIEGO CA 92128
Chris Carlson	officer: CFO AND SECRETARY	4418 CEDAR RIDGE TRAIL, HOUSTON TX 77059