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Innovex Downhole Solutions (Innovex Downhole Solutions) Debt-to-Asset : 0.21 (As of Sep. 2023)


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What is Innovex Downhole Solutions Debt-to-Asset?

Innovex Downhole Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $28.06 Mil. Innovex Downhole Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $75.87 Mil. Innovex Downhole Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $486.98 Mil. Innovex Downhole Solutions's debt to asset for the quarter that ended in Sep. 2023 was 0.21.

Innovex Downhole Solutions Debt-to-Asset Historical Data

The historical data trend for Innovex Downhole Solutions's Debt-to-Asset 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.

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Innovex Downhole Solutions Debt-to-Asset Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
Debt-to-Asset
0.14 0.26

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
Debt-to-Asset 0.14 - 0.26 0.21

Competitive Comparison of Innovex Downhole Solutions's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, Innovex Downhole Solutions's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Innovex Downhole Solutions's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Innovex Downhole Solutions's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Innovex Downhole Solutions's Debt-to-Asset falls into.


Innovex Downhole Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Innovex Downhole Solutions's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(14.657 + 99.925) / 436.286
=0.26

Innovex Downhole Solutions's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(28.057 + 75.865) / 486.98
=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.

Innovex Downhole Solutions  (NYSE:INVX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Innovex Downhole Solutions Debt-to-Asset Related Terms

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Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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