Superior Drilling Products (Superior Drilling Products) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Superior Drilling Products Debt-to-Equity?

Superior Drilling Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.77 Mil. Superior Drilling Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.89 Mil. Superior Drilling Products's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.66 Mil. Superior Drilling Products's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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 Superior Drilling Products's Debt-to-Equity or its related term are showing as below:

SDPI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 1.16 Max: 1.85
Current: 0.4

During the past 12 years, the highest Debt-to-Equity Ratio of Superior Drilling Products was 1.85. The lowest was 0.40. And the median was 1.16.

SDPI's Debt-to-Equity is ranked better than
53.18% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs SDPI: 0.40

Superior Drilling Products Debt-to-Equity Historical Data

The historical data trend for Superior Drilling Products'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.

Superior Drilling Products Debt-to-Equity Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.12

1.70

1.08

0.78

0.40

Superior Drilling Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.78	0.64	0.61	0.65	0.40

Competitive Comparison of Superior Drilling Products's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Superior Drilling Products'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.

Superior Drilling Products's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Superior Drilling Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Superior Drilling Products'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
	=	(0.773	+	5.89)	/	16.655
	=	0.40

Superior Drilling Products'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
	=	(0.773	+	5.89)	/	16.655
	=	0.40

Superior Drilling Products (AMEX:SDPI) 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.

Superior Drilling Products Debt-to-Equity Related Terms

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Superior Drilling Products (Superior Drilling Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (AMEX:SDPI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SDW:Germany

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

Executives

Star Equity Fund, Lp	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc.	10 percent owner	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Christopher Cashion	officer: Chief Financial Officer	1583 S. 1700 E., VERNAL UT 84078
Robert Iverson	director	4928 FM 1374 ROAD, HUNTSVILLE TX 77340
Annette Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
G. Troy Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
Lone Star Value Management Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
James R Lines	director	11 HILLSIDE PARKWY, LANCSTER NY 14068
Jeffrey E. Eberwein	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Co-invest I, Lp	other: See Footnote 1	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870