Patterson-UTI Energy Inc (PTEN)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,219,770 | 1,219,460 | 1,219,160 | 1,221,060 | 1,224,940 | 1,228,210 | 822,408 | 822,196 | 830,937 | 852,949 | 877,739 | 852,530 | 852,323 | 902,104 | 901,896 | 901,689 | 901,484 | 967,366 | 967,140 | 966,768 |
| Total stockholders’ equity | US$ in thousands | 3,465,820 | 3,562,130 | 4,599,110 | 4,743,000 | 4,812,290 | 4,851,210 | 1,720,170 | 1,672,960 | 1,665,520 | 1,634,380 | 1,576,080 | 1,576,700 | 1,609,490 | 1,725,640 | 1,807,720 | 1,912,150 | 2,016,060 | 2,119,560 | 2,228,870 | 2,378,890 |
| Debt-to-equity ratio | 0.35 | 0.34 | 0.27 | 0.26 | 0.25 | 0.25 | 0.48 | 0.49 | 0.50 | 0.52 | 0.56 | 0.54 | 0.53 | 0.52 | 0.50 | 0.47 | 0.45 | 0.46 | 0.43 | 0.41 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,219,770K ÷ $3,465,820K
= 0.35
Patterson-UTI Energy Inc's debt-to-equity ratio has shown a generally increasing trend from 0.41 as of March 31, 2020, to 0.35 as of December 31, 2024. The ratio increased gradually over the years, with some fluctuations along the way.
The company's debt-to-equity ratio indicates the proportion of debt and equity used to finance its operations. An increasing ratio suggests that the company is relying more on debt financing, which can increase financial risk. Conversely, a decreasing ratio could indicate a more conservative capital structure.
It is essential for investors and analysts to monitor changes in the debt-to-equity ratio to assess the company's financial leverage and risk profile. In the case of Patterson-UTI Energy Inc, the increasing trend could warrant a closer examination of its debt levels and the sustainability of its financing structure over time.
Peer comparison
Dec 31, 2024