ProPetro Holding Corp (PUMP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,223,640 | 1,480,310 | 1,335,790 | 1,061,240 | 1,050,740 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,223,640K
= 0.00
The debt-to-assets ratio for ProPetro Holding Corp has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A low or zero debt-to-assets ratio is generally seen as a positive sign as it suggests that the company is not highly leveraged and is less risky in terms of financial distress. It also implies that ProPetro Holding Corp has a strong financial position and is able to fund its operations and investments primarily through equity rather than debt financing.
Peer comparison
Dec 31, 2024