Weatherford International PLC (WFRD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,159,000 | 5,068,000 | 4,720,000 | 4,774,000 | 5,434,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,159,000K
= 0.00
The debt-to-assets ratio for Weatherford International PLC has remained at 0.00 for the years ending December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is not reliant on debt to support its asset base and may have a strong financial position with sufficient equity to fund its activities. It also indicates a low risk of financial distress due to debt obligations. However, it is important to note that a very low debt-to-assets ratio may also signify missed opportunities for leveraging debt for potential growth or tax advantages. Further analysis of the company's capital structure and overall financial health would be necessary to fully assess the implications of this consistent ratio over time.
Peer comparison
Dec 31, 2024