Primoris Services (FRA:1PM) Cash-to-Debt : 0.17 (As of Dec. 2023)

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What is Primoris 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. Primoris Services's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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

FRA:1PM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.46 Max: 0.7
Current: 0.17

During the past 13 years, Primoris Services's highest Cash to Debt Ratio was 0.70. The lowest was 0.17. And the median was 0.46.

FRA:1PM's Cash-to-Debt is ranked worse than
79.51% of 1669 companies
in the Construction industry
Industry Median: 0.63 vs FRA:1PM: 0.17

Primoris Services Cash-to-Debt Historical Data

The historical data trend for Primoris 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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Primoris Services Cash-to-Debt Chart

Primoris Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.62

0.24

0.19

0.17

Primoris Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.07	0.09	0.11	0.17

Competitive Comparison of Primoris Services's Cash-to-Debt

For the Engineering & Construction subindustry, Primoris 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.

Primoris Services's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Cash-to-Debt distribution charts can be found below:

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

Primoris 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.

Primoris 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)
	=	199.702	/	(155.261	+	1053.471)
	=	0.17

Primoris Services's Cash to Debt Ratio for the quarter 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)
	=	199.702	/	(155.261	+	1053.471)
	=	0.17

Primoris Services (FRA:1PM) 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.

Primoris Services Cash-to-Debt Related Terms

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

Primoris Services (FRA:1PM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primoris Services Corp (FRA:1PM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRIM:USA 1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.primoriscorp.com

Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

Primoris Services (FRA:1PM) Headlines

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