KLX Energy Services Holdings (KLX Energy Services Holdings) Debt-to-Equity : 9.42 (As of Dec. 2023)

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What is KLX Energy Services Holdings Debt-to-Equity?

KLX Energy Services Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28.9 Mil. KLX Energy Services Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $336.5 Mil. KLX Energy Services Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $38.8 Mil. KLX Energy Services Holdings's debt to equity for the quarter that ended in Dec. 2023 was 9.42.

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 KLX Energy Services Holdings's Debt-to-Equity or its related term are showing as below:

KLXE' s Debt-to-Equity Range Over the Past 10 Years
Min: -22.21 Med: 0.78 Max: 9.42
Current: 9.42

During the past 8 years, the highest Debt-to-Equity Ratio of KLX Energy Services Holdings was 9.42. The lowest was -22.21. And the median was 0.78.

KLXE's Debt-to-Equity is ranked worse than
98.44% of 834 companies
in the Oil & Gas industry
Industry Median: 0.44 vs KLXE: 9.42

KLX Energy Services Holdings Debt-to-Equity Historical Data

The historical data trend for KLX Energy Services Holdings'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.

KLX Energy Services Holdings Debt-to-Equity Chart

KLX Energy Services Holdings Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Debt-to-Equity

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0.71

0.78

7.79

-22.21

9.42

KLX Energy Services Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-22.21	12.86	8.85	7.39	9.42

Competitive Comparison of KLX Energy Services Holdings's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, KLX Energy Services Holdings'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.

KLX Energy Services Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, KLX Energy Services Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where KLX Energy Services Holdings's Debt-to-Equity falls into.

KLX Energy Services Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KLX Energy Services Holdings'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
	=	(28.9	+	336.5)	/	38.8
	=	9.42

KLX Energy Services Holdings'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
	=	(28.9	+	336.5)	/	38.8
	=	9.42

KLX Energy Services Holdings (NAS:KLXE) 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.

KLX Energy Services Holdings Debt-to-Equity Related Terms

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

KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KLX Energy Services Holdings Inc (NAS:KLXE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KX4A:Germany

Address

3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056

Website

https://www.klxenergy.com

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.

Executives

Christopher J. Baker	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford	officer: Chief Accouting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter	10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr	director, 10 percent owner, other: Member of 10% owner group	601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates	director	1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins	director	THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109