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Drilling Tools International (Drilling Tools International) Cash-to-Debt : 0.37 (As of Dec. 2023)


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What is Drilling Tools International 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. Drilling Tools International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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, Drilling Tools International 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 Drilling Tools International's Cash-to-Debt or its related term are showing as below:

DTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04   Med: 0.09   Max: 0.37
Current: 0.37

During the past 3 years, Drilling Tools International's highest Cash to Debt Ratio was 0.37. The lowest was 0.04. And the median was 0.09.

DTI's Cash-to-Debt is ranked worse than
56.48% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.48 vs DTI: 0.37

Drilling Tools International Cash-to-Debt Historical Data

The historical data trend for Drilling Tools International'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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Drilling Tools International Cash-to-Debt Chart

Drilling Tools International Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
0.04 0.09 0.37

Drilling Tools International Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial 0.09 0.06 0.43 0.25 0.37

Competitive Comparison of Drilling Tools International's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Drilling Tools International'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.


Drilling Tools International's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Drilling Tools International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Drilling Tools International's Cash-to-Debt falls into.



Drilling Tools International 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.

Drilling Tools International's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Drilling Tools International's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Drilling Tools International  (NAS:DTI) 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.


Drilling Tools International Cash-to-Debt Related Terms

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


Drilling Tools International (Drilling Tools International) Business Description

Traded in Other Exchanges
N/A
Address
3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042
Drilling Tools International Corp Formerly Drilling Tools International Holdings Inc is an oilfield services company. It manufactures, rents, inspects, and refurbishes downhole drilling tools primarily for companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, Wyoming and international operations are located in Canada.
Executives
Thomas Monroe Patterson director 801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks director, 10 percent owner 2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson officer: Chief Financial Officer 27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean director, officer: CEO, President 3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr. officer: President, DTR Division 3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr. director 4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional, 10 percent owner 2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford director 100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman director 100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst director 2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc 10 percent owner 16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes director, officer: Chief Executive Officer 16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale director 16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham director 16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese officer: Chief Financial Officer 16400 DALLAS PARKWAY, DALLAS TX 75248

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