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Drilling Tools International (Drilling Tools International) Debt-to-Equity : 0.21 (As of Dec. 2023)


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What is Drilling Tools International Debt-to-Equity?

Drilling Tools International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.0 Mil. Drilling Tools International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.9 Mil. Drilling Tools International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $88.7 Mil. Drilling Tools International's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Drilling Tools International's Debt-to-Equity or its related term are showing as below:

DTI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.78   Max: 2.45
Current: 0.21

During the past 3 years, the highest Debt-to-Equity Ratio of Drilling Tools International was 2.45. The lowest was 0.21. And the median was 0.78.

DTI's Debt-to-Equity is ranked better than
69.58% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs DTI: 0.21

Drilling Tools International Debt-to-Equity Historical Data

The historical data trend for Drilling Tools International's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Drilling Tools International Debt-to-Equity Chart

Drilling Tools International Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
2.45 0.78 0.21

Drilling Tools International Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.78 0.85 0.25 0.23 0.21

Competitive Comparison of Drilling Tools International's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Drilling Tools International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Drilling Tools International's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Drilling Tools International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Drilling Tools International's Debt-to-Equity falls into.


Drilling Tools International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Drilling Tools International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(3.958 + 14.893) / 88.69
=0.21

Drilling Tools International's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(3.958 + 14.893) / 88.69
=0.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Drilling Tools International  (NAS:DTI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Drilling Tools International Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Drilling Tools International's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Drilling Tools International (Drilling Tools International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Drilling Tools International Corp (NAS:DTI) » Definitions » Debt-to-Equity
Comparable Companies
FTK NINE PFIE SND SMGI GEOS KLXE NGS DWSN NCSM SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042
Website
https://www.drillingtools.com
Drilling Tools International Corp Formerly Drilling Tools International Holdings Inc is an oilfield services company. It manufactures, rents, inspects, and refurbishes downhole drilling tools primarily for companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, Wyoming and international operations are located in Canada.
Executives
Thomas Monroe Patterson director 801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks director, 10 percent owner 2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson officer: Chief Financial Officer 27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean director, officer: CEO, President 3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr. officer: President, DTR Division 3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr. director 4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional, 10 percent owner 2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford director 100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman director 100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst director 2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc 10 percent owner 16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes director, officer: Chief Executive Officer 16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale director 16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham director 16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese officer: Chief Financial Officer 16400 DALLAS PARKWAY, DALLAS TX 75248

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