Trecora Resources (Trecora Resources) Cash-to-Debt : 0.66 (As of Mar. 2022)

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What is Trecora Resources 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. Trecora Resources's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.66.

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, Trecora Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

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

TREC's Cash-to-Debt is not ranked ^*
in the Chemicals industry.
Industry Median: 0.74
* Ranked among companies with meaningful Cash-to-Debt only.

Trecora Resources Cash-to-Debt Historical Data

The historical data trend for Trecora Resources'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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Trecora Resources Cash-to-Debt Chart

Trecora Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.03

0.07

0.06

0.89

0.61

Trecora Resources Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash-to-Debt	Get a 7-Day Free Trial															0.87	0.66	0.80	0.61	0.66

Competitive Comparison of Trecora Resources's Cash-to-Debt

For the Specialty Chemicals subindustry, Trecora Resources'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.

Trecora Resources's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Trecora Resources's Cash-to-Debt distribution charts can be found below:

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

Trecora Resources 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.

Trecora Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	30.535	/	(7.421	+	42.63)
	=	0.61

Trecora Resources's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	31.937	/	(7.279	+	40.86)
	=	0.66

Trecora Resources (NYSE:TREC) 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.

Trecora Resources Cash-to-Debt Related Terms

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

Trecora Resources (Trecora Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trecora Resources (NYSE:TREC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 Highway 6 S, Suite 190, Sugar Land, TX, USA, 77478

Website

https://www.trecora.com

Trecora Resources manufactures specialty petrochemical products and synthetic waxes. Its specialty petrochemical segment includes products such as high purity hydrocarbons, and other petroleum-based products, which include isopentane, normal pentane, isohexane, and hexane. The specialty synthetic waxes segment produces specialty polyethylene and poly alpha olefin waxes and provides custom processing services. It derives maximum revenue from its specialty petrochemical segment. Geographically, the company operates in the United States.

Executives

Temnein Ventures Iii, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700 NEW YORK NY 10022
Ortelius Advisors, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Peter Desorcy	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Pangaea Ventures, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Rafael Pons	officer: Chief Manufacturing Officer	C/O TRECORA RESOURCES 1650 HWY 6 S SUITE 190 SUGARLAND TX 77478
Michael W Silberman	officer: General Counsel and Secretary	5915 CHARLESTOWN DR DALLAS TX 75230
Patrick D. Quarles	director	C/O LYONDELLBASELL INDUSTRIES N.V., STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Nicholas Carter	director, officer: Executive Chairman	7760 ROSEWOOD LUMBERTON TX 77657
Janet Skogan Roemer	director	55 CAMBRIDGE PKWY, 8TH FLOOR CAMBRIDGE MA 01242
Al Athel Fahad Mohammed Saleh	10 percent owner	PO BOX 4900 RIYADH 11412 SAUDI ARABIA
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Joseph Michael Tanner	officer: SVP Commercial	86 POWDER CREEK TRAIL ARDEN NC 28704
Sami Ahmad	officer: CFO	1 DUNNAM LANE HOUSTON TX 77024
John Richard Townsend	officer: Chief Manufacturing Officer	2132 WOODCHASE BLVD BATON ROUGE LA 70808