ChampionX Corporation (CHX)
Debt-to-equity 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 | 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 | — | 555,291 | 588,580 | 613,301 | 637,647 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,032,960 | 1,038,800 | 1,028,930 | 1,002,450 |
| Debt-to-equity ratio | 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 | 0.54 | 0.57 | 0.60 | 0.64 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $594,283K ÷ $1,676,620K
= 0.35
The debt-to-equity ratio of ChampionX Corp. has been relatively stable over the past eight quarters, ranging from 0.35 to 0.40. This ratio indicates that the company relies more on equity financing rather than debt, with a lower value suggesting a stronger financial position. The slight upward trend from Q1 2022 to Q1 2023 may indicate a gradual increase in debt relative to equity. However, it is still within a reasonable range and does not raise significant concerns about the company's overall financial leverage. A ratio of 0.36 in Q4 2023 suggests that for every dollar of equity, the company has 36 cents of debt, reflecting a conservative capital structure. Overall, the stability of the debt-to-equity ratio suggests that ChampionX Corp. has been managing its debt levels effectively while maintaining a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2023