RPC Inc (RES)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,078,290 | 1,022,510 | 857,735 | 641,791 | 631,567 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,078,290K)
= 0.00
The debt-to-capital ratio for RPC Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been utilizing minimal debt in relation to its total capital structure over this period. A low or zero debt-to-capital ratio suggests that the company is relying more on equity financing rather than debt to fund its operations and investments. This may reflect a conservative financial strategy, reducing the risk associated with high debt levels. However, it is essential to consider other metrics and factors in conjunction with the debt-to-capital ratio to gain a holistic understanding of RPC Inc's financial health and performance.
Peer comparison
Dec 31, 2024