RPC Inc (RES)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,022,510 | 857,735 | 641,791 | 631,567 | 830,333 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,022,510K)
= 0.00
The debt-to-capital ratio for RPC, Inc. has been relatively stable and low over the past five years. In 2021, there was a slight increase to 0.03, indicating that the company had a small amount of debt relative to its total capital. However, in the surrounding years (2020, 2019, and now back in 2022 and 2023), the company's debt-to-capital ratio dropped back down to 0.00, suggesting that the firm's reliance on debt funding compared to its equity capital has been minimal. This low debt-to-capital ratio may indicate that RPC, Inc. has been managing its debt levels prudently and may have a strong financial position with a relatively low level of financial risk associated with its capital structure.
Peer comparison
Dec 31, 2023