PUMP (ProPetro Holding) Debt-to-Asset : 0.13 (As of Sep. 2024)

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What is ProPetro Holding Debt-to-Asset?

ProPetro Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $52 Mil. ProPetro Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $119 Mil. ProPetro Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,280 Mil. ProPetro Holding's debt to asset for the quarter that ended in Sep. 2024 was 0.13.

ProPetro Holding Debt-to-Asset Historical Data

The historical data trend for ProPetro Holding'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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ProPetro Holding Debt-to-Asset Chart

ProPetro Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.09

0.03

0.10

ProPetro Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.10	0.11	0.12	0.13

Competitive Comparison of ProPetro Holding's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, ProPetro Holding'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.

ProPetro Holding's Debt-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ProPetro Holding's Debt-to-Asset falls into.

ProPetro Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ProPetro Holding's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(34.092	+	114.486)	/	1480.312
	=	0.10

ProPetro Holding's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(52.499	+	119.42)	/	1280.21
	=	0.13

ProPetro Holding (NYSE:PUMP) 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.

ProPetro Holding Debt-to-Asset Related Terms

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ProPetro Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProPetro Holding Corp (NYSE:PUMP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

2PG:Germany

Address

303 W. Wall Street, Suite 102, Midland, TX, USA, 79701

Website

https://www.propetroservices.com

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and coiled tubing.

Executives

David Scott Schorlemer	officer: Chief Financial Officer	16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Michele Vion Choka	director	4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568
Adam Munoz	officer: Senior VP of Operations	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Phillip A Gobe	director, officer: Executive Chairman	777 HIDDEN RIDGE, IRVING TX 75038
Elo Omavuezi	officer: Chief Accounting Officer	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
G Larry Lawrence	director	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701
Mary P Ricciardello	director	2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042
John J Mitchell	officer: Gen. Counsel & Corp. Secretary	1706 S. MIDKIFF, MIDLAND TX 79701
Armour Spencer D Iii	director	400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701
Wilson Newton W Iii	officer: Gen. Counsel & Corp. Secretary	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Samuel D Sledge	officer: Chief Strategy & Admin Officer	1706 S. MIDKIFF ROAD, MIDLAND TX 79701
Mark Stephen Berg	director	777 HIDDEN RIDGE, IRVING TX 75038
Darin G Holderness	officer: Interim CFO	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Anthony James Best	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Royce Mitchell	director	777 HIDDEN RIDGE, IRVING TX 75038