Profire Energy (Profire Energy) Cash-to-Debt : 30.98 (As of Dec. 2023)

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What is Profire Energy 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. Profire Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 30.98.

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

PFIE' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.98 Med: 5110.93 Max: No Debt
Current: 30.98

During the past 13 years, Profire Energy's highest Cash to Debt Ratio was No Debt. The lowest was 30.98. And the median was 5110.93.

PFIE's Cash-to-Debt is ranked better than
80.86% of 1024 companies
in the Oil & Gas industry
Industry Median: 0.5 vs PFIE: 30.98

Profire Energy Cash-to-Debt Historical Data

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

Profire Energy Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

100.73

221.87

139.42

69.99

30.98

Profire Energy 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															69.99	85.24	63.79	80.10	30.98

Competitive Comparison of Profire Energy's Cash-to-Debt

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

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

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

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

Profire Energy 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.

Profire Energy'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)
	=	13.567	/	(0.13	+	0.308)
	=	30.97

Profire Energy'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)
	=	13.567	/	(0.13	+	0.308)
	=	30.97

Profire Energy (NAS:PFIE) 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.

Profire Energy Cash-to-Debt Related Terms

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Profire Energy (Profire Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Profire Energy Inc (NAS:PFIE) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

PFR:Germany

Address

321 South 1250 West, Suite 1, Lindon, UT, USA, 84042

Website

https://www.profireenergy.com

Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.

Executives

Harold Albert	10 percent owner, officer: Chief Operating Officer	BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Bell Colleen Larkin	director	333 S STATE STREET, SALT LAKE CITY UT 84145-0433
Patrick David Fisher	officer: VP of Product Development	321 SOUTH 1250 WEST, LINDON UT 84042
Brenton W Hatch	10 percent owner, officer: Chief Executive Officer	BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Cameron M. Tidball	officer: CBDO	321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Jay Grant Fugal	officer: VP of Operations	321 SOUTH 1250 WEST, SUITE 1, LINDON UT 84042
Daren Shaw	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ronald R Spoehel	director	12015 LEE JACKSON HIGHWAY, FAIRFAX VA 22033
Ryan W Oviatt	officer: Chief Financial Officer	321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Stephen E Pirnat	director	4728 EAST 98TH STREET, TULSA OK 74137
Crouch Arlen	director	2566 BARCELONA DRIVE, SANDY UT 84093
Andrew Limpert	director, 10 percent owner, officer: Interim CEO & CFO	1245 BRICKYARD ROAD, SUITE 590, SALT LAKE CITY UT 84106
Mike Carroll	director, 10 percent owner, officer: CEO, CFO & President	408 BREWSTER LANE, SAINT SIMONS ISLAND GA 21522
Joel Arline	director	1606 REYNOLDS STREET, BRUNSWICK GA 31520