Innovex International, Inc (INVX)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	958,156	328,921	251,280	180,551	1,041,530
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $958,156K
= 0.00

The debt-to-equity ratio for Innovex International, Inc. remained consistently at zero from December 31, 2020, through December 31, 2024, according to the provided data. This indicates that throughout this period, the company did not utilize any long-term or short-term debt financing in its capital structure. A debt-to-equity ratio of zero suggests that Innovex International, Inc. entirely financed its operations through equity, such as retained earnings or issuing new equity shares, without relying on borrowed funds. This financial profile reflects a conservative approach to leverage, potentially minimizing financial risk associated with debt obligations. However, it may also imply limited capacity to leverage debt for growth or operational expansion, depending on the company's strategic objectives and capital needs.