Core Laboratories NV (CLB)

Debt-to-capital ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023
Long-term debt	US$ in thousands	163,134	177,863	182,583
Total stockholders’ equity	US$ in thousands	224,815	224,694	214,756
Debt-to-capital ratio		0.42	0.44	0.46

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $163,134K ÷ ($163,134K + $224,815K)
= 0.42

The debt-to-capital ratio for Core Laboratories NV has been progressively decreasing over the three most recent quarters. In this period, the ratio has declined from 0.46 in June 30, 2023, to 0.42 in December 31, 2023. This trend indicates that the company has been reducing its reliance on debt financing in relation to its capital structure. Lower debt-to-capital ratios generally suggest lower financial risk and greater stability for the company, as it indicates a larger proportion of the company's capital is funded through equity rather than debt. This could be a positive sign for investors and creditors, as it may imply improved financial health and a stronger ability to meet its financial obligations in the long run.