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.
Peer comparison
Dec 31, 2024