Innovex International, Inc (INVX)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	1,197,480	1,028,180	436,286	284,895	1,151,170
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,197,480K
= 0.00

The debt-to-assets ratio for Innovex International, Inc. has remained consistently at 0.00 for the period spanning December 31, 2020, through December 31, 2024. This indicates that the company has not reported any debt obligations relative to its total assets during this timeframe. A debt-to-assets ratio of zero suggests that Innovex International, Inc. relies entirely on equity financing and has not incurred interest-bearing liabilities or other forms of debt. Consequently, the company's assets are fully financed through shareholders' equity, reflecting a potentially conservative capital structure with minimal financial leverage. This stability over multiple years highlights a debt-free position, which could imply lower financial risk but may also influence the company's capacity for leveraged growth or investment.