Core Laboratories NV (CLB)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023
Long-term debt	US$ in thousands	163,134	177,863	182,583
Total assets	US$ in thousands	586,395	592,414	601,848
Debt-to-assets ratio		0.28	0.30	0.30

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $163,134K ÷ $586,395K
= 0.28

The debt-to-assets ratio for Core Laboratories NV has been relatively stable over the past three quarters, ranging from 0.28 to 0.30. This ratio indicates that the company finances approximately 28% to 30% of its assets through debt. A lower debt-to-assets ratio is generally considered favorable as it suggests lower financial risk and greater financial stability. Core Laboratories NV's consistent ratio suggests a prudent approach to managing its debt levels relative to its total assets. However, it is important to consider industry benchmarks and compare this ratio to competitors to gain a better understanding of the company's leverage position.