NexTier Oilfield Solutions (NexTier Oilfield Solutions) Cash-to-Debt : 0.68 (As of Jun. 2023)

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What is NexTier Oilfield Solutions 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. NexTier Oilfield Solutions's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.68.

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, NexTier Oilfield Solutions couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

NEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.36 Max: 0.86
Current: 0.68

During the past 9 years, NexTier Oilfield Solutions's highest Cash to Debt Ratio was 0.86. The lowest was 0.18. And the median was 0.36.

NEX's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs NEX: 0.68

NexTier Oilfield Solutions Cash-to-Debt Historical Data

The historical data trend for NexTier Oilfield Solutions'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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NexTier Oilfield Solutions Cash-to-Debt Chart

NexTier Oilfield Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.23

0.63

0.73

0.25

0.53

NexTier Oilfield Solutions Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.37	0.60	0.53	0.49	0.68

Competitive Comparison of NexTier Oilfield Solutions's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, NexTier Oilfield Solutions'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.

NexTier Oilfield Solutions's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

NexTier Oilfield Solutions 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.

NexTier Oilfield Solutions'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)
	=	218.476	/	(39.942	+	372.617)
	=	0.53

NexTier Oilfield Solutions's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	310.166	/	(76.711	+	379.662)
	=	0.68

NexTier Oilfield Solutions (NYSE:NEX) 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.

NexTier Oilfield Solutions Cash-to-Debt Related Terms

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

NexTier Oilfield Solutions (NexTier Oilfield Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NexTier Oilfield Solutions Inc (NYSE:NEX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3990 Rogerdale Road, Houston, TX, USA, 77042

Website

https://www.nextierofs.com

NexTier Oilfield Solutions Inc is a U.S. land oilfield focused service company. The company has a diverse set of well completion and production services across a variety of active and demanding basins. NexTier operates through two segments viz Completion Services which provides hydraulic fracturing; wireline and pump-down services; and completion support services. While the Well Construction and Intervention Services provides cementing and coiled tubing services. It derives revenue from the Northeast, Central, West Texas, West and International regions; majority being from West Texas.

Executives

Drummond Robert Wayne Jr	director, officer: Chief Executive Officer	1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010
Kevin M Mcdonald	officer: Exec. VP, GC and Sec.	600 TRAVIS, SUITE 5800, HOUSTON TX 77002
Oladipo Iluyomade	officer: Chief Accounting Officer	3990 ROGERDALE RD, HOUSTON TX 77042
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James Carl Stewart	director, officer: Chairman and CEO	1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056
Kenneth Pucheu	officer: CFO	3990 ROGERDALE, HOUSTON TX 77042
Keane Investor Holdings Llc	10 percent owner	2121 SAGE ROAD, SUITE 370, HOUSTON TX 77056
Michael Joseph Mckie	officer: Pres., Alamo Pressure Pumping	3990 ROGERDALE RD, HOUSTON TX 77042
Bernardo Rodriguez	director	3990 ROGERDALE RD, HOUSTON TX 77042
Burns Lamphung Ngo	officer: Chief Accounting Officer	5285 NORTH SAM HOUSTON PARKWAY WEST, SUITE 600, HOUSTON TX 77086
Alamo Frac Holdings, Llc	10 percent owner	1101 N. LITTLE SCHOOL ROAD, ARLINGTON TX 76017
Matthew Gillard	officer: Chief Operating Officer	3990 ROGERDALE RD., HOUSTON TX 77042
Sterling Renshaw	officer: SVP, Well Services	3990 ROGERDALE RD., HOUSTON TX 77042
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Stuart M Brightman	director	25025 INTERSTATE 45 NORTH, SUITE 600, THE WOODLANDS TX 77380