Ferrellgas Partners LP (Ferrellgas Partners LP) Cash-to-Debt : 0.09 (As of Jan. 2024)

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What is Ferrellgas Partners LP 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. Ferrellgas Partners LP's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.09.

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, Ferrellgas Partners LP couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

FGPRB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.18
Current: 0.09

During the past 13 years, Ferrellgas Partners LP's highest Cash to Debt Ratio was 0.18. The lowest was 0.00. And the median was 0.02.

FGPRB's Cash-to-Debt is ranked worse than
82.52% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.505 vs FGPRB: 0.09

Ferrellgas Partners LP Cash-to-Debt Historical Data

The historical data trend for Ferrellgas Partners LP'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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Ferrellgas Partners LP Cash-to-Debt Chart

Ferrellgas Partners LP Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.01

0.09

0.18

0.10

0.08

Ferrellgas Partners LP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.06	0.08	0.04	0.09

Competitive Comparison of Ferrellgas Partners LP's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP'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.

Ferrellgas Partners LP's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ferrellgas Partners LP's Cash-to-Debt falls into.

Ferrellgas Partners LP 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.

Ferrellgas Partners LP's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	126.221	/	(27.197	+	1490.419)
	=	0.08

Ferrellgas Partners LP's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	128.365	/	(27.96	+	1489.038)
	=	0.08

Ferrellgas Partners LP (OTCPK:FGPRB) 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.

Ferrellgas Partners LP Cash-to-Debt Related Terms

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Ferrellgas Partners LP (Ferrellgas Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ferrellgas Partners LP (OTCPK:FGPRB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FGPR:USA

Address

One Liberty Plaza, Liberty, MO, USA, 64068

Website

https://www.ferrellgas.com

Ferrellgas Partners LP operates as a propane distributor. Its operations primarily include the distribution and sale of propane and related equipment and supplies within the Midwest, Southeast, Southwest, and Northwest regions of the United States. The firm caters to residential, industrial, commercial, portable tank exchange, agricultural, wholesale and other, customers. Ferrellgas earns revenue primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies.