ChampionX Corporation (CHX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.88 | 1.86 | 1.88 | 1.94 | 1.93 | 1.92 | 1.92 | 1.97 | 2.00 | 1.99 | 1.92 | 1.99 | 2.00 | 2.03 | 2.08 | 2.11 | 2.14 | 2.16 | 2.20 | 3.20 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,470,250K ÷ $1,846,440K
= 1.88
The financial leverage ratio for ChampionX Corporation has shown a decreasing trend from 3.20 as of March 31, 2020, to 1.88 as of June 30, 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and activities. A lower financial leverage ratio suggests that ChampionX Corporation has a stronger equity position relative to its debt, which can positively impact its financial stability and flexibility. Overall, the decreasing trend in the financial leverage ratio demonstrates an improved balance between debt and equity in the company's capital structure over the period analyzed.
Peer comparison
Dec 31, 2024