ProPetro Holding Corp (PUMP)

Debt-to-assets 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 — — — — — — — — — — — — — — — — — — — —
Total assets US$ in thousands 1,223,640 1,280,210 1,512,330 1,534,260 1,480,310 1,472,220 1,433,380 1,394,150 1,335,790 1,143,610 1,067,620 1,084,450 1,061,240 1,098,750 1,066,790 1,044,780 1,050,740 1,096,140 1,093,600 1,436,110
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

ProPetro Holding Corp has consistently maintained a debt-to-assets ratio of 0.00 over the past several quarters, indicating that the company has not utilized debt financing to fund its assets. A debt-to-assets ratio of 0.00 means that the company has no debt on its balance sheet in relation to its total assets. This can be seen as a positive signal, as lower debt levels typically suggest lower financial risk and greater financial stability for the company.

However, it is important to note that a debt-to-assets ratio of 0.00 may also suggest that the company is heavily reliant on equity financing or has significant cash reserves to fund its operations and investments. While a low debt-to-assets ratio generally indicates financial strength, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of ProPetro Holding Corp's overall financial health and performance.