RPC Inc (RES)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,078,290 | 1,072,340 | 1,059,760 | 1,033,290 | 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 |
| Debt-to-equity 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, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,078,290K
= 0.00
The debt-to-equity ratio for RPC Inc has consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt to finance its operations and has been relying solely on equity to fund its activities. A low or zero debt-to-equity ratio is generally considered favorable as it suggests a lower financial risk and less dependence on external financing. However, it is essential to evaluate other financial metrics and indicators to obtain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2024