Dril-Quip Inc (DRQ)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,028,180 | 969,951 | 1,009,930 | 1,151,170 | 1,206,560 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,028,180K
= 0.00
The debt-to-assets ratio for Dril-Quip, Inc. has consistently been at 0.00 for the past five years, indicating that the company has not utilized debt to finance its operations and acquisitions. This suggests that Dril-Quip, Inc. has been primarily relying on equity to fund its assets, which can be perceived as a positive sign of financial stability and low financial risk. However, it is essential to consider that a zero debt-to-assets ratio may also limit the company's financial flexibility and ability to leverage debt for potential growth opportunities. Overall, a consistent zero debt-to-assets ratio indicates a conservative financing strategy by Dril-Quip, Inc.
Peer comparison
Dec 31, 2023