Liberty Oilfield Services Inc (LBRT)

Financial leverage 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
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
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
Financial leverage ratio 1.67 1.66 1.67 1.64 1.65 1.73 1.75 1.74 1.72 1.80 1.76 1.78 1.68 1.67 1.62 1.59 1.64 2.09 1.98 2.34

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 fluctuated over the past years. The ratio was relatively high in the first quarter of 2020 at 2.34, indicating higher financial leverage. However, it decreased in subsequent quarters, reaching a low of 1.59 in the first quarter of 2021. From then on, the ratio gradually increased, hovering around 1.6 to 1.8, suggesting a moderate level of financial leverage. Overall, the trend in the financial leverage ratio indicates that the company has been managing its debt levels effectively, maintaining a balanced capital structure over the periods analyzed.