ChampionX Corporation (CHX)
Debt-to-equity 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-equity ratio | 0.32 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.34 | 0.35 | 0.37 | 0.38 | 0.38 | 0.39 | 0.39 | 0.43 | 0.50 | 0.55 | 0.56 | 0.62 | 0.67 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $591,453K ÷ $1,846,440K
= 0.32
ChampionX Corporation's debt-to-equity ratio has shown a declining trend over the past several quarters. The ratio decreased from 0.67 as of June 30, 2020, to 0.32 as of December 31, 2024. This indicates that the company's reliance on debt financing in comparison to equity has been decreasing, suggesting a more conservative approach to capital structure management. Lower debt-to-equity ratios generally indicate lower financial risk and greater financial stability for the company. Overall, ChampionX Corporation has been effectively managing its debt levels relative to equity over the analyzed period.
Peer comparison
Dec 31, 2024