Secure Energy Services (TSX:SES) Cash-to-Debt : 0.63 (As of Mar. 2024)

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What is Secure 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. Secure Energy Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.63.

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

TSX:SES' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.63
Current: 0.63

During the past 13 years, Secure Energy Services's highest Cash to Debt Ratio was 0.63. The lowest was 0.00. And the median was 0.02.

TSX:SES's Cash-to-Debt is ranked better than
62.55% of 243 companies
in the Waste Management industry
Industry Median: 0.35 vs TSX:SES: 0.63

Secure Energy Services Cash-to-Debt Historical Data

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

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.01

Secure 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															0.02	0.03	0.04	0.01	0.63

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

For the Waste Management subindustry, Secure 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.

Secure Energy Services's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Energy Services's Cash-to-Debt distribution charts can be found below:

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

Secure 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.

Secure 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)
	=	12	/	(27	+	1075)
	=	0.01

Secure 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)
	=	264	/	(24	+	395)
	=	0.63

Secure Energy Services (TSX:SES) 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.

Secure Energy Services Cash-to-Debt Related Terms

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

Secure Energy Services (TSX:SES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (TSX:SES) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SECYF:USA SEP:Germany

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.

Executives

James Darryl Anderson

Senior Officer