RPC Inc (RES)
Debt-to-capital 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,022,510 | 997,756 | 987,402 | 927,695 | 857,735 | 773,410 | 706,662 | 657,768 | 641,791 | 630,783 | 624,134 | 623,176 | 631,567 | 637,555 | 648,653 | 671,235 | 830,333 | 855,175 | 921,675 | 927,863 |
| Debt-to-capital 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, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,022,510K)
= 0.00
Based on the data provided for RPC, Inc.'s debt-to-capital ratio over eight quarters, the company consistently maintained a debt-to-capital ratio of 0.00 from Q1 2022 to Q4 2023. This indicates that the company had no debt relative to its total capital during this period. However, in Q2 and Q3 of 2022, the debt-to-capital ratio slightly increased to 0.03, suggesting that there was a small amount of debt present in relation to the total capital at that specific time. Overall, RPC, Inc. has demonstrated a strong position with minimal debt obligations compared to its capital base, which may indicate sound financial management and lower financial risk.
Peer comparison
Dec 31, 2023