Core Laboratories NV (CLB)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024
Long-term debt	US$ in thousands	126,111	139,872	147,621	160,370
Total assets	US$ in thousands	590,406	600,466	597,799	587,950
Debt-to-assets ratio		0.21	0.23	0.25	0.27

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $126,111K ÷ $590,406K
= 0.21

The debt-to-assets ratio of Core Laboratories NV has been showing a declining trend over the four quarters of 2024. It decreased from 0.27 in March to 0.21 in December, indicating that the company's reliance on debt to finance its assets has been reducing throughout the year. A decreasing debt-to-assets ratio generally suggests that the company has a lower level of financial leverage and may be in a stronger financial position. Core Laboratories NV's decreasing trend in the debt-to-assets ratio could imply improved financial stability and lower risk for investors and creditors.