RPC Inc (RES)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.29 | 1.24 | 1.25 | 1.26 | 1.29 | 1.25 | 1.24 | 1.28 | 1.32 | 1.36 | 1.37 | 1.35 | 1.35 | 1.31 | 1.27 | 1.28 | 1.25 | 1.26 | 1.21 | 1.29 |
Based on the data provided for RPC Inc, the solvency ratios demonstrate a consistently low level of debt relative to assets, capital, and equity over the years examined. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all remain at 0.00 throughout the period, indicating that the company has minimal debt obligations in relation to its total assets, capital, and equity.
The Financial leverage ratio shows a relatively stable trend, ranging between 1.21 and 1.37 during the period from March 31, 2020, to December 31, 2024. While there are slight fluctuations in the financial leverage ratio over time, it generally hovers around 1.25 to 1.35, which suggests that RPC Inc has maintained a conservative level of financial leverage and has not significantly increased its debt relative to its equity.
Overall, based on the solvency ratios analyzed, RPC Inc appears to have a strong financial position with minimal debt burden and prudent capital structure management. This low debt profile indicates a lower risk of financial distress and greater financial stability for the company.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 156.44 | 220.62 | 290.05 | 396.80 | 824.72 | 1,080.20 | 1,139.67 | 755.20 | 471.66 | 277.07 | 61.18 | 30.26 | 9.63 | -12.02 | -92.13 | -156.83 | -828.57 | -957.46 | -1,427.94 | -923.27 |
RPC Inc's interest coverage ratio has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The ratio started at a very low negative value of -923.27 in March 2020, indicating the company's inability to cover its interest expenses with its operating income.
However, there was a steady improvement in the interest coverage ratio over the next few quarters, reaching positive territory by December 31, 2021, with a ratio of 9.63. This suggests that the company's operating income became more than sufficient to cover its interest expenses during this period.
The positive trend continued in the following quarters, with the interest coverage ratio showing consistent improvement. By December 31, 2024, the ratio had increased to 156.44, indicating that RPC Inc's ability to cover its interest expenses with its operating income had strengthened significantly.
Overall, the trend in RPC Inc's interest coverage ratio reflects an improved financial position and a higher level of financial stability, as the company's operating income increasingly exceeded its interest expenses over the period analyzed.