ChampionX Corporation (CHX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 591,453 | 592,161 | 592,868 | 593,575 | 594,283 | 594,943 | 595,165 | 595,938 | 621,702 | 644,029 | 694,430 | 691,241 | 697,657 | 743,572 | 838,826 | 899,469 | 905,764 | 989,690 | 1,071,730 | — |
| Total assets | US$ in thousands | 3,470,250 | 3,377,660 | 3,289,340 | 3,322,950 | 3,241,700 | 3,311,200 | 3,329,840 | 3,327,340 | 3,387,480 | 3,402,780 | 3,463,150 | 3,571,720 | 3,534,700 | 3,503,000 | 3,486,010 | 3,475,790 | 3,475,780 | 3,453,730 | 3,520,830 | 1,245,240 |
| Debt-to-assets ratio | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.20 | 0.19 | 0.20 | 0.21 | 0.24 | 0.26 | 0.26 | 0.29 | 0.30 | 0.00 |
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 years, indicating an improvement in the company's ability to cover its assets with debt. The ratio decreased from 0.30 as of June 30, 2020, to 0.17 as of December 31, 2024. This suggests that the company has been effectively managing its debt levels relative to its total assets. A decreasing debt-to-assets ratio signals lower financial risk and increased solvency for the company, which can be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024