Liberty Oilfield Services Inc (LBRT)

Debt-to-equity 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-equity ratio		0.10	0.06	0.08	0.09	0.08	0.12	0.17	0.13	0.15	0.18	0.19	0.17	0.10	0.10	0.09	0.09	0.09	0.21	0.20	0.19

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 exhibited some fluctuations over the years. As of December 31, 2024, the ratio stood at 0.10, indicating that the company had $0.10 in debt for every $1 of equity.

Looking at the trend, the ratio decreased from 0.19 as of March 31, 2020, peaking at 0.21 as of September 30, 2020, before gradually declining to the current level. The trend suggests that the company has been effectively managing its debt levels in relation to its equity during the period under review.

Overall, a debt-to-equity ratio of 0.10 for Liberty Oilfield Services Inc as of December 31, 2024, suggests a balanced capital structure, where the company is not heavily reliant on debt to finance its operations. However, it is important to continue monitoring this ratio to ensure the company maintains a healthy balance between debt and equity in its capital structure.