Liberty Oilfield Services Inc (LBRT)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,296,390 | 3,033,560 | 2,575,930 | 2,040,660 | 1,889,940 |
| Total stockholders’ equity | US$ in thousands | 1,978,870 | 1,841,410 | 1,495,020 | 1,213,240 | 1,150,640 |
| Financial leverage ratio | 1.67 | 1.65 | 1.72 | 1.68 | 1.64 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,296,390K ÷ $1,978,870K
= 1.67
The financial leverage ratio of Liberty Oilfield Services Inc has shown a slight increasing trend over the past five years. Starting at 1.64 in December 31, 2020, the ratio has gradually increased to 1.68 in December 31, 2021, further rising to 1.72 by December 31, 2022. However, there was a slight dip to 1.65 by December 31, 2023, followed by a slight rebound to 1.67 by December 31, 2024. Overall, the company's financial leverage indicates a moderate level of debt utilization in its capital structure, which may imply a balance between debt and equity financing. Further analysis of other financial metrics and industry benchmarks would provide additional insights into the company's leverage position and its implications for future financial performance.
Peer comparison
Dec 31, 2024