Cactus Inc (WHD)
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 | — | 0 | — | — | — |
| Total assets | US$ in thousands | 1,522,560 | 1,118,900 | 982,078 | 815,594 | 834,964 |
| 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 ÷ $1,522,560K
= 0.00
The debt-to-assets ratio of Cactus Inc has consistently been 0.00 over the past five years. This indicates that the company has not utilized any debt to finance its operations during this period, resulting in a debt-free capital structure. While this may suggest financial stability and a lower risk of default, it is essential to note that a lack of debt could also limit the company's ability to leverage opportunities for growth or expansion that may require additional financing. Overall, a debt-to-assets ratio of 0.00 reflects a conservative approach to capital structure by Cactus Inc, with a strong emphasis on operating with minimal leverage.
Peer comparison
Dec 31, 2023