Liberty Oilfield Services Inc (LBRT)

Solvency ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Debt-to-assets ratio 0.05 0.07 0.10 0.08 0.08 0.10 0.11 0.10 0.06 0.06 0.05 0.05 0.06 0.10 0.10 0.08 0.08 0.08 0.08 0.08
Debt-to-capital ratio 0.07 0.11 0.15 0.12 0.13 0.15 0.16 0.15 0.09 0.09 0.08 0.08 0.08 0.17 0.17 0.16 0.16 0.17 0.18 0.19
Debt-to-equity ratio 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 0.19 0.20 0.23 0.24
Financial leverage ratio 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 2.31 2.45 2.76 2.82

Liberty Energy Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable around 0.10, suggesting that the company's level of debt in relation to its total assets has been consistent over the quarters.

The debt-to-capital ratio has shown some fluctuations, ranging from 0.13 to 0.17, indicating that the company's debt as a proportion of its total capital has varied. However, these levels are generally within an acceptable range.

The debt-to-equity ratio has also fluctuated, ranging from 0.15 to 0.20. This ratio indicates the proportion of debt and equity financing in the company's capital structure. The fluctuations suggest changes in the company's leverage and financial risk over the quarters.

The financial leverage ratio, which measures the company's total assets relative to its equity, has fluctuated between 1.65 and 1.80. A higher ratio indicates higher financial risk due to higher debt levels relative to equity.

Overall, Liberty Energy Inc's solvency ratios show a relatively stable debt-to-assets ratio, with some fluctuations in the debt-to-capital, debt-to-equity, and financial leverage ratios. Further analysis and comparison with industry benchmarks may provide additional insights into the company's solvency and financial health.

Coverage ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Interest coverage 26.43 29.38 29.14 27.28 18.45 10.61 0.73 -16.14 -48.65 -29.27 -18.85 -11.97 -9.10 -7.18 -2.91 3.19 4.61 7.11 9.24 11.73

The interest coverage of Liberty Energy Inc has shown a positive trend over the last eight quarters, indicating the company's ability to meet its interest obligations from its operating income. The interest coverage ratio has increased steadily from a low of -7.98 in Q1 2022 to a high of 29.63 in Q3 2023, reflecting improved financial health and lower risk of default on its debt. This positive trend suggests that Liberty Energy Inc has been generating sufficient operating income to cover its interest expenses comfortably, demonstrating a stronger financial position and potential for future growth and profitability.