Dril Quip Debt to Equity

DRQ
 Stock
  

USD 24.30  0.48  2.02%   

Dril-Quip fundamentals help investors to digest information that contributes to Dril Quip's financial success or failures. It also enables traders to predict the movement of Dril Quip Stock. The fundamental analysis module provides a way to measure Dril Quip's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dril Quip stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
As of 14th of August 2022, Average Equity is likely to grow to about 1.2 B, while Debt to Equity Ratio is likely to drop 0.12.

Dril Quip Debt to Equity Analysis

Dril Quip's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
 2019 2020 2021 2022 (projected)
Interest Expense314 K621 K787 K849.13 K
Gross Profit119.8 M95.28 M80.59 M82.71 M
D/E 
 = 
Total Debt 
Total Equity 
More About Debt to Equity | All Equity Analysis

Current Dril Quip Debt to Equity

    
  0.005 %  
Most of Dril Quip's fundamental indicators, such as Debt to Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dril-Quip is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Dril Quip Debt to Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Dril Quip is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Debt to Equity. Since Dril Quip's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dril Quip's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dril Quip's interrelated accounts and indicators.

Dril Quip Debt to Equity Historical Pattern

Today, most investors in Dril Quip Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Dril Quip's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's debt to equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Dril Quip debt to equity as a starting point in their analysis.
   Dril Quip Debt to Equity   
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High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Compare to competition

Dril Quip Shareholders Equity

Shareholders Equity

953.68 Million

Dril Quip Shareholders Equity is very stable at the moment as compared to the past year. Dril Quip reported last year Shareholders Equity of 897.11 Million
According to the company disclosure, Dril-Quip has a Debt to Equity of 0.005%. This is 99.99% lower than that of the Energy sector and 99.99% lower than that of the Oil & Gas Equipment & Services industry. The debt to equity for all United States stocks is 99.99% higher than that of the company.

Dril Quip Debt to Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dril Quip's direct or indirect competition against its Debt to Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dril Quip could also be used in its relative valuation, which is a method of valuing Dril Quip by comparing valuation metrics of similar companies.
Dril Quip is currently under evaluation in debt to equity category among related companies.

Dril Quip Current Valuation Drivers

We derive many important indicators used in calculating different scores of Dril Quip from analyzing Dril Quip's financial statements. These drivers represent accounts that assess Dril Quip's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Dril Quip's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(49.85 K)(49.69 K)948(21.55 K)(95.38 K)(97.89 K)
Revenue Per Employee225.59 K199.7 K228.67 K255.6 K240.65 K283.65 K
Average Assets1.44 B1.31 B1.2 B1.15 B1.09 B1.11 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(24.6 M)(79.39 M)44.76 M(29.04 M)(93.88 M)(96.35 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(24.6 M)(79.39 M)44.76 M(29.04 M)(93.88 M)(96.35 M)
Earnings before Tax(65.64 M)(114.99 M)10.43 M(62.05 M)(125.05 M)(128.34 M)
Average Equity1.35 B1.22 B1.09 B1.03 B970.12 M1.18 B
Enterprise Value1.33 B650.34 M1.29 B687.58 M326.52 M335.11 M
Free Cash Flow83.54 M30.33 M6.21 M(26.72 M)35.22 M46.55 M
Invested Capital720.68 M650.18 M675.6 M697.23 M540.08 M604.74 M
Invested Capital Average813.59 M700.48 M662.81 M677.33 M604.13 M639.85 M
Market Capitalization1.81 B1.07 B1.7 B1.04 B696.39 M714.72 M
Tangible Asset Value1.31 B1.15 B1.17 B1.12 B983.98 M1.04 B
Working Capital908.64 M771.44 M783.55 M777.68 M651.89 M693.32 M

Dril Quip Fundamentals

About Dril Quip Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dril-Quip's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dril Quip using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dril-Quip based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Long Term Debt to Equity 0.000063  0.000063 
Debt to Equity Ratio 0.13  0.12 
Average Equity970.1 M1.2 B
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dril Quip without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Theme Ratings

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Pair Trading with Dril Quip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dril Quip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dril Quip

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Moving against Dril Quip

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The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dril Quip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dril Quip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Dril Quip Piotroski F Score and Dril Quip Altman Z Score analysis. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
835.3 M
Quarterly Revenue Growth YOY
0.16
Return On Assets
-0.0204
Return On Equity
-0.0956
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.