Cactus Inc (WHD)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,264,180 | 1,003,020 | 954,676 | 893,366 | 865,522 | 1,010,070 | 952,774 | 925,836 | 710,445 | 544,239 | 517,239 | 492,323 | 595,033 | 579,700 | 441,970 | 559,050 | 550,770 | 546,560 | 547,907 | 542,426 |
| Debt-to-equity ratio | 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 | 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 ÷ $1,264,180K
= 0.00
The debt-to-equity ratio of Cactus Inc has been consistently 0.00 for all the reported dates from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 signifies that the company's total debt is non-existent in relation to its equity, implying that the firm is relying solely on equity financing for its activities. This can be seen as a positive sign, as a lower debt-to-equity ratio generally indicates lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024