RPC Inc (RES)

Debt-to-equity 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-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, 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 a consistent trend of decreasing from 0.03 in Q2 2022 to 0.00 in the subsequent quarters. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity, which may signify a strong financial position with lower financial risk. It suggests that the company is relying more on equity financing rather than debt financing to support its operations and growth. The consecutive quarters of a zero debt-to-equity ratio could be a positive indicator of financial stability and conservative financial management by RPC, Inc.


Peer comparison

Dec 31, 2023