Weatherford International PLC (WFRD)
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 | 924,000 | 742,000 | 645,000 | 567,000 | 535,000 | 453,000 | 466,000 | 396,000 | 472,000 | 621,000 | 726,000 | 787,000 | 907,000 | 1,087,000 | 1,267,000 | 1,819,000 | 2,880,000 | -5,262,000 | -4,426,000 | -4,145,000 |
| 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 | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $924,000K
= 0.00
The debt-to-equity ratio of Weatherford International plc has shown a fluctuating trend over the past eight quarters. The ratio has ranged from 2.23 to 6.60, indicating varying levels of leverage during this period.
In Q4 2023, the debt-to-equity ratio stood at 2.23, which suggests that for every dollar of equity, the company had $2.23 in debt. This represents a decrease from the previous quarter, Q3 2023, where the ratio was 2.87.
The highest level of leverage was seen in Q1 2022, with a debt-to-equity ratio of 6.60. This indicates that the company had a significant amount of debt compared to its equity during that period.
Overall, the decreasing trend in the debt-to-equity ratio from Q1 2022 to Q4 2023 may imply that the company has been actively managing its debt levels or increasing its equity base. However, it is essential to further investigate the reasons behind these fluctuations to assess the company's financial stability and risk levels accurately.
Peer comparison
Dec 31, 2023