Liberty Oilfield Services Inc (LBRT)
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 | 190,500 | 140,000 | 217,426 | 121,445 | 105,411 |
| Total assets | US$ in thousands | 3,296,390 | 3,033,560 | 2,575,930 | 2,040,660 | 1,889,940 |
| Debt-to-assets ratio | 0.06 | 0.05 | 0.08 | 0.06 | 0.06 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $190,500K ÷ $3,296,390K
= 0.06
The debt-to-assets ratio for Liberty Oilfield Services Inc has remained relatively stable over the five-year period from 2020 to 2024, ranging between 0.05 and 0.08. This ratio indicates that the company's level of debt in relation to its total assets has been consistently low, suggesting a conservative approach to financing and a strong financial position. A low debt-to-assets ratio signifies that the company relies more on equity financing rather than debt, which can be advantageous in times of economic uncertainty or fluctuating interest rates. Overall, the trend of the debt-to-assets ratio for Liberty Oilfield Services Inc suggests a prudent capital structure management strategy.
Peer comparison
Dec 31, 2024