Cactus Inc (WHD)
Debt-to-assets ratio
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 30,000 | 111,967 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,575,890 | 1,522,560 | 1,464,150 | 1,476,400 | 1,520,270 | 1,118,900 | 1,095,200 | 1,070,120 | 1,026,190 | 982,078 | 963,930 | 944,750 | 877,865 | 815,594 | 811,488 | 822,152 | 850,095 | 834,964 | 811,137 | 793,765 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.07 | 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 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,575,890K
= 0.00
The debt-to-assets ratio of Cactus Inc has shown minimal to no debt relative to its total assets in most periods, as evidenced by the consistently low ratios of 0.00. This indicates that the company has been financing its operations primarily through equity or internally generated funds rather than taking on debt. However, there was a slight increase in the ratio to 0.07 in March 2023, suggesting a small amount of debt relative to the company's assets at that time. Overall, the company's consistent low or zero debt-to-assets ratios signify a conservative financial approach with minimal reliance on external borrowing for its operations and growth.
Peer comparison
Mar 31, 2024