RPC Inc (RES)
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 | 1,386,490 | 1,330,600 | 1,325,250 | 1,297,230 | 1,314,520 | 1,247,370 | 1,228,190 | 1,187,830 | 1,129,010 | 1,055,580 | 965,079 | 891,168 | 864,365 | 826,640 | 790,206 | 800,073 | 790,505 | 800,877 | 782,868 | 869,132 |
| 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 ÷ $1,386,490K
= 0.00
The debt-to-assets ratio for RPC Inc has consistently been reported as 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is not relying on debt financing to fund its operations and investments, which can be seen as a positive sign of financial stability and lower financial risk. Investors and stakeholders may view a low debt-to-assets ratio favorably as it indicates a lower level of leverage and potential financial distress.
Peer comparison
Dec 31, 2024