Liberty Oilfield Services Inc (LBRT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,978,870 1,969,000 1,936,900 1,884,480 1,841,410 1,788,560 1,673,940 1,590,120 1,495,020 1,404,740 1,327,570 1,231,260 1,213,240 1,179,700 1,216,810 1,204,550 1,150,640 507,602 531,831 555,371
Debt-to-capital ratio 0.09 0.06 0.07 0.08 0.07 0.11 0.15 0.12 0.13 0.15 0.16 0.15 0.09 0.09 0.08 0.08 0.08 0.17 0.17 0.16

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $190,500K ÷ ($190,500K + $1,978,870K)
= 0.09

The debt-to-capital ratio of Liberty Oilfield Services Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.16 as of March 31, 2020, increased slightly to 0.17 by June 30, 2020, and remained stable until September 30, 2021. Subsequently, the ratio decreased to 0.08 as of December 31, 2021, and stayed at that level until March 31, 2022.

However, from March 31, 2022, to September 30, 2024, there were fluctuations in the debt-to-capital ratio. The ratio increased to 0.16 by June 30, 2022, fluctuated between 0.15 and 0.16 until March 31, 2023, and then decreased to 0.12 by March 31, 2023. It briefly increased to 0.15 by June 30, 2023, before decreasing again to 0.11 by September 30, 2023.

The ratio further decreased to 0.07 by December 31, 2023, before experiencing a slight uptick to 0.08 by March 31, 2024. However, it decreased again to 0.07 by June 30, 2024, and further to 0.06 by September 30, 2024, before increasing to 0.09 by December 31, 2024.

Overall, the debt-to-capital ratio of Liberty Oilfield Services Inc has shown varying trends over the period, indicating changes in the proportion of debt in its capital structure. Investors and stakeholders may closely monitor these fluctuations to assess the company's leverage and financial health.