RPC Inc (RES)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,022,510K
= 0.00

The debt-to-equity ratio for RPC, Inc. has shown consistent stability over the past five years, with a ratio of 0.00 in 2023, 2022, 2020, and 2019. However, there was a slight increase to 0.03 in 2021. This indicates that the company has been primarily financed by equity rather than debt over the years, with very minimal to no debt in the capital structure. The significant decrease in 2021 could possibly be due to a decrease in equity or an increase in debt during that period.

Overall, the consistently low or zero debt-to-equity ratio suggests that RPC, Inc. has been using a conservative financing strategy, relying more on equity to fund its operations and expansion rather than taking on excessive debt. This could be viewed positively by investors and creditors as it signifies a lower financial risk and a stronger financial position for the company. However, it's essential to consider other financial metrics and factors when evaluating the company's overall financial health and performance.