Liberty Oilfield Services Inc (LBRT)

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	190,500	140,000	217,426	121,445	105,411
Total stockholders’ equity	US$ in thousands	1,978,870	1,841,410	1,495,020	1,213,240	1,150,640
Debt-to-equity ratio		0.10	0.08	0.15	0.10	0.09

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $190,500K ÷ $1,978,870K
= 0.10

The debt-to-equity ratio of Liberty Oilfield Services Inc has been relatively low and stable over the past few years. It increased from 0.09 in 2020 to 0.15 in 2022, indicating a slightly higher level of debt compared to equity in that year. However, the ratio decreased to 0.08 in 2023 before rising back to 0.10 in 2024, showing a slight fluctuation. Overall, the company has maintained a conservative capital structure with a low level of debt in relation to equity, which may indicate a lower financial risk and a stronger ability to cover its debts.