ChampionX Corporation (CHX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,846,440 | 1,814,310 | 1,745,160 | 1,710,460 | 1,676,620 | 1,721,480 | 1,730,030 | 1,688,710 | 1,694,550 | 1,710,690 | 1,808,320 | 1,792,230 | 1,770,640 | 1,727,000 | 1,674,320 | 1,644,770 | 1,625,970 | 1,599,550 | 1,598,700 | 388,767 |
| Debt-to-capital ratio | 0.24 | 0.25 | 0.25 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.28 | 0.30 | 0.33 | 0.35 | 0.36 | 0.38 | 0.40 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $591,453K ÷ ($591,453K + $1,846,440K)
= 0.24
The debt-to-capital ratio of ChampionX Corporation has been declining steadily over the past few years, indicating a decreasing reliance on debt to finance its operations in relation to its total capital structure. The ratio started at 0.40 as of June 30, 2020, and has decreased to 0.24 as of December 31, 2024. This trend suggests that the company has been gradually reducing its debt levels in proportion to its total capital, which may positively impact its financial stability and risk profile. A lower debt-to-capital ratio signifies that the company has a lower financial risk and may have more flexibility in managing its debt obligations. Overall, ChampionX Corporation's decreasing debt-to-capital ratio reflects a potentially healthier financial position and prudent debt management strategy over the analyzed period.
Peer comparison
Dec 31, 2024