Dril-Quip Inc (DRQ)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 881,260 | 872,352 | 897,108 | 1,041,530 | 1,090,700 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $881,260K
= 0.00
The debt-to-equity ratio for Dril-Quip, Inc. has consistently been 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations during this period. This means that the company's capital structure has been entirely reliant on equity financing, which could imply a low financial risk as there is no debt obligation to repay. However, it is also worth noting that a debt-to-equity ratio of 0.00 could potentially signal missed opportunities to leverage debt financing for growth or investment purposes. Further analysis of the company's capital structure and financing decisions would be necessary to fully understand the implications of maintaining a debt-to-equity ratio of 0.00 over an extended period.
Peer comparison
Dec 31, 2023