Cactus Inc (WHD)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,739,330 | 1,522,560 | 1,118,900 | 982,078 | 815,594 |
| Total stockholders’ equity | US$ in thousands | 1,071,120 | 865,522 | 710,445 | 595,033 | 550,770 |
| Financial leverage ratio | 1.62 | 1.76 | 1.57 | 1.65 | 1.48 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,739,330K ÷ $1,071,120K
= 1.62
The financial leverage ratio of Cactus Inc has been fluctuating over the past five years. It increased from 1.48 in December 31, 2020, to 1.76 in December 31, 2023, before decreasing to 1.62 in December 31, 2024. This indicates that the company has been utilizing more debt to finance its operations compared to equity during this period. Overall, the financial leverage ratio demonstrates a moderate level of leverage, which suggests a balance between debt and equity in the company's capital structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
Cactus Inc
WHD
1.62
Baker Hughes Co
BKR
2.27
Dril-Quip Inc
DRQ
1.17
NOV Inc.
NOV
1.78
Now Inc
DNOW
1.44
Weatherford International PLC
WFRD
4.01