Ranger Energy Services (FRA:97L) Cash-to-Debt : 0.51 (As of Mar. 2024)

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What is Ranger Energy Services 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. Ranger Energy Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.51.

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, Ranger Energy Services 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 Ranger Energy Services's Cash-to-Debt or its related term are showing as below:

FRA:97L' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 1.29
Current: 0.51

During the past 9 years, Ranger Energy Services's highest Cash to Debt Ratio was 1.29. The lowest was 0.01. And the median was 0.10.

FRA:97L's Cash-to-Debt is ranked better than
50.93% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs FRA:97L: 0.51

Ranger Energy Services Cash-to-Debt Historical Data

The historical data trend for Ranger Energy Services'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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Ranger Energy Services Cash-to-Debt Chart

Ranger Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.09

0.01

0.10

0.70

Ranger Energy Services 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															0.59	0.74	0.45	0.70	0.51

Competitive Comparison of Ranger Energy Services's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Ranger Energy Services'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.

Ranger Energy Services's Cash-to-Debt Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ranger Energy Services's Cash-to-Debt falls into.

Ranger Energy Services 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.

Ranger Energy Services'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)
	=	14.397	/	(6.786	+	13.663)
	=	0.70

Ranger Energy Services'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)
	=	10.212	/	(6.808	+	13.064)
	=	0.51

Ranger Energy Services (FRA:97L) 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.

Ranger Energy Services Cash-to-Debt Related Terms

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

Ranger Energy Services (FRA:97L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Energy Services Inc (FRA:97L) » Definitions » Cash-to-Debt

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RNGR:USA

Address

10350 Richmond, Suite 550, Houston, TX, USA, 77042

Website

https://www.rangerenergy.com

Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to leading U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.

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