ChampionX Corporation (CHX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 591,453 | 594,283 | 621,702 | 697,657 | 905,764 |
| Total assets | US$ in thousands | 3,470,250 | 3,241,700 | 3,387,480 | 3,534,700 | 3,475,780 |
| Debt-to-assets ratio | 0.17 | 0.18 | 0.18 | 0.20 | 0.26 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $591,453K ÷ $3,470,250K
= 0.17
The debt-to-assets ratio of ChampionX Corporation has shown a declining trend over the past five years, decreasing from 0.26 on December 31, 2020, to 0.17 on December 31, 2024. This suggests that the company has been effectively managing its debt relative to its total assets, indicating a stronger financial position and lower financial risk. A lower debt-to-assets ratio signifies that a smaller proportion of the company's assets are financed by debt, which may be viewed positively by investors and creditors. Overall, the decreasing trend in the debt-to-assets ratio reflects improved financial health and stability for ChampionX Corporation.
Peer comparison
Dec 31, 2024