Natural Gas Services Group (Natural Gas Services Group) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Natural Gas Services 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. Natural Gas Services Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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

NGS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 56.32 Max: 165.97
Current: 0.02

During the past 13 years, Natural Gas Services Group's highest Cash to Debt Ratio was 165.97. The lowest was 0.02. And the median was 56.32.

NGS's Cash-to-Debt is ranked worse than
93.46% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs NGS: 0.02

Natural Gas Services Group Cash-to-Debt Historical Data

The historical data trend for Natural Gas Services 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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Natural Gas Services Group Cash-to-Debt Chart

Natural Gas Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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11.35

32.14

80.50

0.13

0.02

Natural Gas Services Group 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															0.13	0.12	0.04	-	0.02

Competitive Comparison of Natural Gas Services Group's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Natural Gas Services 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.

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

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

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

Natural Gas Services 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.

Natural Gas Services 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)
	=	2.746	/	(0	+	164)
	=	0.02

Natural Gas Services Group'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)
	=	2.746	/	(0	+	164)
	=	0.02

Natural Gas Services Group (NYSE:NGS) 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.

Natural Gas Services Group Cash-to-Debt Related Terms

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

Natural Gas Services Group (Natural Gas Services Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

404 Veterans Airpark Lane, Suite 300, Midland, TX, USA, 79705

Website

https://www.ngsgi.com

Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufacture, fabricate, rent, sell and maintain natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Gas Compressor Rental, Engineered Equipment Sales, Service, and Maintenance. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.

Executives

Georganne Hodges	director	2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
John D. Bittner	officer: Interim CFO	1920 MCKINNEY AVENUE, SUITE 950, DALLAS TX 75201
Brian L Tucker	officer: Chief Operating Officer	1250 NE LOOP 410, #1000, SAN ANTONIO TX 78209
Donald J Tringali	director	C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Justin Jacobs	director	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
James D Faircloth	officer: Interim CFO	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Hazlett	officer: Vice President-Technical Svcs.	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Stephen Charles Taylor	director, officer: President and CEO	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
John Chisholm	director	C/O FLOTEK INDUSTRIES, INC., 2930 W. SAM HOUSTON PARKWAY N., STE. 300, HOUSTON TX 77043
Micah C. Foster	officer: Chief Financial Officer	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Nigel Jenvey	director	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Lawrence	officer: VP & Chief Financial Officer	C/O NATURAL GAS SERVICES GROUP, INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
David L Bradshaw	director	508 WEST WALL STREET, SUITE 550, MIDLAND TX 79701
G Larry Lawrence	officer: Chief Financial Officer	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701