Weatherford International PLC (WFRD)
Debt-to-assets 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 assets | US$ in thousands | 5,068,000 | 4,895,000 | 4,648,000 | 4,709,000 | 4,720,000 | 4,707,000 | 4,735,000 | 4,684,000 | 4,774,000 | 5,148,000 | 5,160,000 | 5,295,000 | 5,434,000 | 5,664,000 | 5,409,000 | 6,165,000 | 7,293,000 | 6,324,000 | 6,381,000 | 6,519,000 |
| 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 |
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 been fluctuating over the past eight quarters. The ratio indicates the proportion of the company's total debt relative to its total assets. A lower ratio suggests lower financial risk and greater financial stability.
From Q4 2022 to Q4 2023, Weatherford International plc has seen a gradual decrease in the debt-to-assets ratio from 0.51 to 0.41. This indicates that the company has been able to reduce its debt relative to its total assets over this period. However, the ratio has shown some volatility throughout the quarters, with fluctuations between 0.41 and 0.56.
Overall, the trend suggests that there has been an effort by Weatherford International plc to manage its debt levels in relation to its assets. It is important for the company to continue monitoring and controlling its debt levels to ensure long-term financial health and stability.
Peer comparison
Dec 31, 2023