Patterson-UTI Energy Inc (PTEN)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,219,770 | 1,224,940 | 830,937 | 852,323 | 901,484 |
| Total stockholders’ equity | US$ in thousands | 3,465,820 | 4,812,290 | 1,665,520 | 1,609,490 | 2,016,060 |
| Debt-to-equity ratio | 0.35 | 0.25 | 0.50 | 0.53 | 0.45 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,219,770K ÷ $3,465,820K
= 0.35
The debt-to-equity ratio of Patterson-UTI Energy Inc has shown some fluctuations over the past five years. The ratio was 0.45 as of December 31, 2020, indicating that the company had a moderate level of debt compared to its equity.
By December 31, 2021, the ratio had increased to 0.53, suggesting a higher reliance on debt financing during that period. However, by December 31, 2022, the ratio decreased to 0.50, showing a slight improvement in the company's debt management.
Subsequently, as of December 31, 2023, the debt-to-equity ratio dropped significantly to 0.25, indicating a lower level of debt relative to equity, which could imply a stronger financial position or efficient debt reduction strategies.
As of the most recent data available on December 31, 2024, the ratio increased slightly to 0.35, signifying a moderate increase in debt compared to the previous year but still reflecting a relatively healthy balance between debt and equity for Patterson-UTI Energy Inc. Overall, the company's debt management has shown some variability over the years, but the trend appears to have stabilized around levels that are reasonably balanced in relation to equity.
Peer comparison
Dec 31, 2024