Archrock Inc (AROC)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,584,870 | 1,604,550 | 1,639,240 | 1,547,270 | 1,548,330 | 1,498,900 | 1,532,440 | 1,517,020 | 1,530,820 | — | — | — | 1,688,870 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,655,950 | 2,672,110 | 2,680,020 | 2,619,910 | 2,598,750 | 2,605,600 | 2,601,330 | 2,600,020 | 2,589,970 | 2,618,220 | 2,695,660 | 2,722,530 | 2,779,720 | 2,865,670 | 2,928,390 | 3,016,840 | 3,109,980 | 3,100,800 | 2,661,310 | 2,634,260 |
| Debt-to-assets ratio | 0.60 | 0.60 | 0.61 | 0.59 | 0.60 | 0.58 | 0.59 | 0.58 | 0.59 | 0.00 | 0.00 | 0.00 | 0.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,584,870K ÷ $2,655,950K
= 0.60
The debt-to-assets ratio of Archrock Inc has remained relatively stable over the past eight quarters, ranging from 0.58 to 0.61. This ratio indicates that, on average, approximately 60% of the company's assets are financed through debt. A ratio of 0.60 suggests that the company relies moderately on debt to fund its operations and investments, while also maintaining a significant portion of assets financed by equity. The stability of this ratio over time indicates that Archrock Inc has maintained a consistent level of debt relative to its total assets, which could signal a prudent approach to managing its capital structure. Further analysis of Archrock Inc's debt levels in conjunction with other financial metrics would provide a more comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023