Cactus Inc (WHD)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.15 | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $893,366K
= 0.00
The debt-to-equity ratio of Cactus Inc has shown a significant increase from 0.00 in the previous quarters to 0.04 in the quarter ending June 30, 2023, and further to 0.15 in the quarter ending March 31, 2023. This indicates that the company started to take on more debt compared to its equity during these periods.
However, following the quarter ending June 30, 2023, the debt-to-equity ratio decreased back to 0.00 and remained at that level for the subsequent quarters. This could suggest that Cactus Inc managed to reduce its debt levels or increase its equity in order to maintain a healthier balance between debt and equity financing.
Overall, a debt-to-equity ratio of 0.00 indicates that the company had no debt relative to its equity in most of the observed periods, except for the two quarters mentioned above. It is essential to monitor this ratio over time to assess the company's financial health and leverage levels.
Peer comparison
Mar 31, 2024