Dril-Quip Inc (DRQ)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 881,260 | 870,462 | 879,409 | 877,814 | 872,352 | 862,916 | 868,689 | 887,278 | 897,108 | 979,777 | 995,324 | 1,008,270 | 1,041,530 | 1,037,560 | 1,015,390 | 1,024,200 | 1,090,700 | 1,092,670 | 1,097,130 | 1,095,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $881,260K)
= 0.00
Based on the data provided, Dril-Quip, Inc. has consistently maintained a debt-to-capital ratio of 0.00 across all quarters from Q1 2022 to Q4 2023. A debt-to-capital ratio of 0.00 indicates that the company does not have any debt in its capital structure and is entirely financed by equity.
This demonstrates that Dril-Quip, Inc. has not relied on borrowing to fund its operations or growth during this period. While a low or zero debt-to-capital ratio can signify financial strength and stability, it is also important to consider the potential impact on the company's overall returns and growth opportunities, as debt can also be a tool for leveraging investments and enhancing shareholder value.
Overall, Dril-Quip, Inc.'s consistent debt-to-capital ratio of 0.00 suggests a conservative financing approach with a focus on maintaining a strong equity position in its capital structure.
Peer comparison
Dec 31, 2023