Cactus Inc (WHD)
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 | 1,739,330 | 1,522,560 | 1,118,900 | 982,078 | 815,594 |
| 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 ÷ $1,739,330K
= 0.00
Based on the data provided, Cactus Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets over the period analyzed. A debt-to-assets ratio of 0.00 typically suggests that the company relies entirely on equity financing to fund its operations, indicating financial stability and resilience against potential financial risks associated with debt obligations. It may also signal that the company has strong cash flows or adequate capital to support its operations without the need for significant borrowing. Overall, a debt-to-assets ratio of 0.00 reflects a favorable financial position for Cactus Inc during the specified period.
Peer comparison
Dec 31, 2024