What is Dril-Quip 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. Dril-Quip's cash to debt ratio for the quarter that ended in Dec. 2023 was 12.79.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Dril-Quip could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Dril-Quip's Cash-to-Debt or its related term are showing as below:
DRQ'
s Cash-to-Debt Range Over the Past 10 Years
Min: 12.79 Med: 5039 Max: No Debt
Current: 12.79
During the past 13 years, Dril-Quip's highest Cash to Debt Ratio was No Debt. The lowest was 12.79. And the median was 5039.00.
Dril-Quip Cash-to-Debt Historical Data
The historical data trend for Dril-Quip'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.
Dril-Quip Cash-to-Debt Chart
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Dril-Quip Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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|
|
78.00 |
49.74 |
68.15 |
60.00 |
12.79 |
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Dril-Quip Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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|
|
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60.00 |
39.68 |
42.29 |
11.56 |
12.79 |
Competitive Comparison of Dril-Quip's Cash-to-Debt
For the Oil & Gas Equipment & Services subindustry, Dril-Quip'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.
Dril-Quip's Cash-to-Debt Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dril-Quip's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Dril-Quip's Cash-to-Debt falls into.
Dril-Quip 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.
Dril-Quip's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Dril-Quip'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.
Dril-Quip (Dril-Quip) Business Description
Traded in Other Exchanges
Address
2050 West Sam Houston Parkway S., Suite 1100, Houston, TX, USA, 77042
Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).
Executives
| Terence Bartlett Jupp |
director |
6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041 |
| James C. Webster |
officer: VP - Gen Counsel & Secretary |
13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040 |
| Jeffrey J. Bird |
officer: Vice President and CFO |
10260 WESTHEIMER RD., HOUSTON TX 77042 |
| Kyle Mcclure |
officer: Vice President and CFO |
10260 WESTHEIMER RD, SUITE 700, HOUSTON TX 77042 |
| Donald M Underwood |
officer: VP - Subsea Products |
6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041 |
| Carri A. Lockhart |
director |
6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041 |
| A P Shukis |
director |
C/O CORPORATE STRATEGIES INC, 1170 ST JAMES PLACE SUITE 115, HOUSTON TX 77056 |
| Blake T. Deberry |
director, officer: President and CEO |
13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040 |
| Raj Kumar |
officer: VP-Finance & Chief Acct. Off. |
6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041 |
| Darryl Keith Willis |
director |
2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019 |
| John Lovoi |
director |
3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
| Amy B Schwetz |
director |
701 MARKET STREET, ST. LOUIS MO 63101 |
| James A. Gariepy |
officer: SR V.P. and COO |
13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040 |
| Jerry M Brooks |
officer: Chief Financial Officer |
|
| Robertson L H Dick |
director |
39 LAKESIDE DRIVE, STAR HARBOR, MALAKOFF TX 75148 |
Dril-Quip (Dril-Quip) Headlines
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