ProPetro Holding (ProPetro Holding) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is ProPetro Holding 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. ProPetro Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, ProPetro Holding 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 ProPetro Holding's Cash-to-Debt or its related term are showing as below:

PUMP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.26 Max: 240.17
Current: 0.31

During the past 9 years, ProPetro Holding's highest Cash to Debt Ratio was 240.17. The lowest was 0.03. And the median was 1.26.

PUMP's Cash-to-Debt is ranked worse than
60.33% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.5 vs PUMP: 0.31

ProPetro Holding Cash-to-Debt Historical Data

The historical data trend for ProPetro Holding'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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ProPetro Holding Cash-to-Debt Chart

ProPetro Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.11

86.07

240.17

2.99

0.28

ProPetro Holding 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															1.48	1.04	0.69	0.28	0.31

Competitive Comparison of ProPetro Holding's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, ProPetro Holding'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.

ProPetro Holding's Cash-to-Debt Distribution in the Oil & Gas Industry

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

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

ProPetro Holding 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.

ProPetro Holding'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)
	=	41.099	/	(34.092	+	114.486)
	=	0.28

ProPetro Holding'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)
	=	53.601	/	(43.913	+	127.897)
	=	0.31

ProPetro Holding (NYSE:PUMP) 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.

ProPetro Holding Cash-to-Debt Related Terms

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

ProPetro Holding (ProPetro Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProPetro Holding Corp (NYSE:PUMP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2PG:Germany

Address

1706 South Midkiff, Midland, TX, USA, 79701

Website

https://www.propetroservices.com

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. The company focused on Permian Basin. The operating segment of the company are Hydraulic Fracturing, Cementing, Coiled Tubing, drilling and flowback.

Executives

Michele Vion Choka	director	4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568
Phillip A Gobe	director, officer: Executive Chairman	777 HIDDEN RIDGE, IRVING TX 75038
Elo Omavuezi	officer: Chief Accounting Officer	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Adam Munoz	officer: Senior VP of Operations	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
G Larry Lawrence	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
David Scott Schorlemer	officer: Chief Financial Officer	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Mary P Ricciardello	director	2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
John J Mitchell	officer: Gen. Counsel & Corp. Secretary	1706 S. MIDKIFF, MIDLAND TX 79701
Armour Spencer D Iii	director	400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701
Wilson Newton W Iii	officer: Gen. Counsel & Corp. Secretary	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Samuel D Sledge	officer: Chief Strategy & Admin Officer	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Mark Stephen Berg	director	777 HIDDEN RIDGE, IRVING TX 75038
Darin G Holderness	officer: Interim CFO	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Anthony James Best	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Royce Mitchell	director	777 HIDDEN RIDGE, IRVING TX 75038