Weatherford International PLC (WFRD)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,068,000 | 4,720,000 | 4,774,000 | 5,434,000 | 7,293,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,068,000K
= 0.00
The debt-to-assets ratio of Weatherford International plc has shown a declining trend over the past three years, indicating an improvement in the company's overall financial leverage and solvency.
At the end of 2021, the ratio stood at 0.55, which means that 55% of the company's assets were financed by debt. However, by the end of 2023, the ratio had decreased to 0.41, indicating that only 41% of the company's assets were funded by debt.
This reduction in the debt-to-assets ratio suggests that Weatherford International plc has been effectively managing its debt levels and/or growing its asset base. A lower ratio indicates a lower financial risk for the company as it relies less on debt financing.
Overall, the declining trend in the debt-to-assets ratio is a positive sign for Weatherford International plc's financial health and stability.
Peer comparison
Dec 31, 2023