RPC Inc (RES)
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 | 1,386,490 | 1,286,840 | 1,129,010 | 864,365 | 790,505 |
| 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 ÷ $1,386,490K
= 0.00
The debt-to-assets ratio of RPC Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations and investments, as its total debt is negligible compared to its total assets. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which can suggest financial stability and a low level of financial risk. However, it is essential to note that solely relying on equity financing may limit the company's growth opportunities and potential leverage benefits in the future.
Peer comparison
Dec 31, 2024