Liberty Oilfield Services Inc (LBRT)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 190,500 123,000 147,000 166,000 140,000 223,000 288,000 210,000 217,426 252,682 252,937 211,192 121,445 121,125 105,221 105,317 105,411 105,504 105,596 105,625
Total assets US$ in thousands 3,296,390 3,272,880 3,241,360 3,097,620 3,033,560 3,089,120 2,924,500 2,760,620 2,575,930 2,525,160 2,335,130 2,190,880 2,040,660 1,966,090 1,975,130 1,916,780 1,889,940 1,058,750 1,051,120 1,298,550
Debt-to-assets ratio 0.06 0.04 0.05 0.05 0.05 0.07 0.10 0.08 0.08 0.10 0.11 0.10 0.06 0.06 0.05 0.05 0.06 0.10 0.10 0.08

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 shown relatively stable and low levels over the past several quarters, ranging from 0.04 to 0.11. This indicates that the company has maintained a conservative approach to financing its operations, with a significant portion of its assets being financed by equity rather than debt. The decreasing trend in the ratio from 0.11 in June 2022 to 0.06 in December 2024 suggests that the company has been reducing its debt levels in relation to its total assets over time, which can be viewed positively as it indicates improved financial health and reduced financial risk. However, the ratio experienced slight fluctuations during this period, so it would be important to continue monitoring the company's debt management strategies in the future.