Blue Line Protection Group (Blue Line Protection Group) Cash-to-Debt : 0.38 (As of Mar. 2024)

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What is Blue Line Protection 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. Blue Line Protection Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.38.

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, Blue Line Protection Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Blue Line Protection Group's Cash-to-Debt or its related term are showing as below:

BLPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 15.33
Current: 0.38

During the past 13 years, Blue Line Protection Group's highest Cash to Debt Ratio was 15.33. The lowest was 0.01. And the median was 0.10.

BLPG's Cash-to-Debt is ranked worse than
66.32% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs BLPG: 0.38

Blue Line Protection Group Cash-to-Debt Historical Data

The historical data trend for Blue Line Protection 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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Blue Line Protection Group Cash-to-Debt Chart

Blue Line Protection Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.07

0.22

0.12

0.26

Blue Line Protection Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.18	0.23	0.26	0.38

Competitive Comparison of Blue Line Protection Group's Cash-to-Debt

For the Security & Protection Services subindustry, Blue Line Protection 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.

Blue Line Protection Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Blue Line Protection Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Blue Line Protection Group's Cash-to-Debt falls into.

Blue Line Protection 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.

Blue Line Protection 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)
	=	0.586	/	(0.935	+	1.284)
	=	0.26

Blue Line Protection Group's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.796	/	(0.975	+	1.143)
	=	0.38

Blue Line Protection Group (OTCPK:BLPG) 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.

Blue Line Protection Group Cash-to-Debt Related Terms

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

Blue Line Protection Group (Blue Line Protection Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Blue Line Protection Group Inc (OTCPK:BLPG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5765 Logan Street, Denver, CO, USA, 80216

Website

https://www.bluelineprotectiongroup.com

Blue Line Protection Group Inc is engaged in providing armed protection and transportation, banking, compliance, and training services for businesses engaged in the legal cannabis industry. The services are offered to individuals, businesses, and government entities to protect their licenses and business investments. It offers asset logistic services, such as armored transportation service; security services, including shipment protection, money escorts, security monitoring, asset vaulting, VIP and dignitary protection, financial services, such as handling transportation and storage of currency; training; and compliance services. It generates maximum revenue from transportation and banking services.

Executives

Patrick Deparini	officer: Chief Financial Officer	5440 W. SAHARA AVE., SUITE 202, LAS VEGAS NV 89146
Ricky Gene Bennett	officer: Vice President of Operations	1350 INDEPENDENCE ST., SUITE 300, LAKEWOOD CO 80125
Daniel Scott Sullivan	director, officer: Vice President of Marketing	9457 S. UNIVERSITY BLVD., #272, HIGHLANDS RANCH CO 80126
Sean-robbie Gibson Campbell	director, officer: Chief Executive Officer	1350 INDEPENDENCE ST., 3RD FLOOR, LAKEWOOD CO 80215
David Uddman	director, 10 percent owner, officer: President	3717 W. WOODSIDE, SPOKANE WA 99208

Blue Line Protection Group (Blue Line Protection Group) Headlines

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