Cactus Inc (WHD)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,071,120 | 865,522 | 710,445 | 595,033 | 550,770 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,071,120K
= 0.00
Cactus Inc has maintained a consistent debt-to-equity ratio of 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 typically suggests that the company relies solely on equity financing, which may signal financial stability and a lower risk of default. However, it's essential to consider other financial metrics and industry benchmarks to assess the overall financial health and performance of Cactus Inc accurately.
Peer comparison
Dec 31, 2024