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Innovex Downhole Solutions (Innovex Downhole Solutions) Debt-to-Equity : 0.34 (As of Sep. 2023)


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What is Innovex Downhole Solutions Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Sep. 2023 was $307.95 Mil. Innovex Downhole Solutions's debt to equity for the quarter that ended in Sep. 2023 was 0.34.

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 Innovex Downhole Solutions's Debt-to-Equity or its related term are showing as below:

INVX's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Innovex Downhole Solutions Debt-to-Equity Historical Data

The historical data trend for Innovex Downhole Solutions'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.

Innovex Downhole Solutions Debt-to-Equity Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
Debt-to-Equity
0.22 0.46

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
Debt-to-Equity 0.22 N/A 0.46 0.34

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

For the Oil & Gas Equipment & Services subindustry, Innovex Downhole Solutions'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.

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

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

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


Innovex Downhole Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innovex Downhole Solutions's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(14.657 + 99.925) / 251.28
=0.46

Innovex Downhole Solutions's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(28.057 + 75.865) / 307.946
=0.34

* 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-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.

Innovex Downhole Solutions Debt-to-Equity 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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