RPC Inc (RES)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,078,290K
= 0.00
The debt-to-equity ratio of RPC Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing over this period to support its operations or growth. Having a debt-to-equity ratio of 0.00 means that there is no financial leverage in the company's capital structure as its total debt is equal to its total equity. This lack of debt indicates that RPC Inc may be relying more on equity financing or retained earnings to fund its activities, which can be viewed positively from a risk perspective as it implies lower financial risk and interest expenses.
Peer comparison
Dec 31, 2024