Core Laboratories NV (CLB)

Debt-to-equity 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-equity ratio		0.73	0.79	0.85

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $163,134K ÷ $224,815K
= 0.73

The debt-to-equity ratio of Core Laboratories NV has been gradually decreasing over the three quarters, indicating a reducing reliance on debt to finance its operations and growth. This trend suggests that the company is becoming less leveraged and potentially lower risk for its investors. A decreasing debt-to-equity ratio may also indicate improved financial health and stability for Core Laboratories NV, as it implies a stronger equity position relative to its outstanding debt. Overall, the declining trend in the debt-to-equity ratio reflects a positive financial position for Core Laboratories NV.