ProPetro Holding Corp (PUMP)

Debt-to-equity ratio

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
Long-term debt US$ in thousands 45,000 45,000 60,000 30,000 30,000 0 0 0 0 110,000 130,000 130,000 150,000 160,000
Total stockholders’ equity US$ in thousands 998,392 1,027,330 1,008,360 982,923 954,033 830,538 817,036 847,212 826,302 842,815 844,743 847,269 870,771 911,767 938,429 961,516 969,305 944,100 909,037 869,541
Debt-to-equity ratio 0.05 0.04 0.06 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.13 0.14 0.17 0.18

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $45,000K ÷ $998,392K
= 0.05

The debt-to-equity ratio for ProPetro Holding Corp has shown fluctuations over the past five years, ranging from 0.00 to 0.18. In general, the company has maintained a relatively low level of debt compared to its equity during this period. Notably, in the most recent quarter of Dec 31, 2023, the debt-to-equity ratio decreased to 0.05 from 0.13 in the previous quarter, indicating a reduction in the proportion of debt relative to equity.

It is important to highlight that a low debt-to-equity ratio suggests that the company relies more on equity financing rather than debt to fund its operations and growth. This can be viewed positively by investors and creditors as it implies lower financial risk and greater financial stability. However, it is also crucial to monitor future trends in the debt-to-equity ratio to ensure that the company maintains a balanced capital structure and effectively manages its leverage levels.


Peer comparison

Dec 31, 2023