Dril-Quip Inc (DRQ)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $881,260K
= 0.00
Dril-Quip, Inc. has consistently maintained a debt-to-equity ratio of 0.00 across all quarters in the provided table. This implies that the company has no debt on its balance sheet relative to its equity during the periods under review. A debt-to-equity ratio of 0.00 indicates that the company is entirely financed by equity capital, which could signify a financially stable and sound position, as there is no financial leverage being used to fund its operations. However, it is essential to note that a very low or zero debt-to-equity ratio may also suggest missed opportunities for leveraging debt to potentially enhance returns for shareholders. Further analysis and consideration of the company's overall financial strategy and industry norms are recommended to get a comprehensive understanding of Dril-Quip, Inc.'s financial health and performance.
Peer comparison
Dec 31, 2023