Cactus Inc (WHD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 893,366 | 865,522 | 821,008 | 760,806 | 737,253 | 571,917 | 544,239 | 517,239 | 492,323 | 468,644 | 456,871 | 441,970 | 405,959 | 352,970 | 351,019 | 346,746 | 342,458 | 327,466 | 312,325 | 293,031 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.13 | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $893,366K)
= 0.00
The debt-to-capital ratio for Cactus Inc has shown variations over the past several quarters. In the most recent quarter ending on March 31, 2024, the company reported a debt-to-capital ratio of 0.00, indicating that the company had no debt relative to its capital structure.
Looking back over the last few quarters, it is evident that the company's debt-to-capital ratio fluctuated. In the quarter ending on March 31, 2023, the ratio was 0.13, signifying a higher level of debt relative to capital compared to the latest quarter. This suggests a potential shift in the company's financing strategy or capital structure during that period.
It is important to note that a debt-to-capital ratio of 0.00 does not necessarily mean that the company has zero debt. It could indicate that the company's debt levels are relatively low compared to its total capital, which could be attributed to various factors such as debt repayment, capital injections, or changes in financial leverage.
Overall, monitoring the debt-to-capital ratio can provide insights into the company's financial health, capital structure, and risk management strategies. It is essential for investors and analysts to consider this ratio in conjunction with other financial metrics and qualitative factors to obtain a comprehensive understanding of Cactus Inc's financial position.
Peer comparison
Mar 31, 2024