Superior Drilling Products Debt 2024

Superior Drilling Products Aktienanalyse

What does Superior Drilling Products do?

Superior Drilling Products Inc is a company based in Utah, USA and has been listed on the NASDAQ Stock Exchange since 2014. The company is involved in the development, production, and distribution of drilling products, specifically drill head seals, used in the oil and gas industry, as well as the geothermal and monument industries. The company was founded in 1999 as Diamond Drill Bit Industries, Inc. by its current CEO, Troy Meier. Meier, a former wellbore modeler, utilized his expertise to create diesel-powered drill heads as the driving force behind the seals. This allowed retailers, production companies, and drilling companies to quickly and cost-effectively order the seals, laying the foundation for the company's later success. A year later, Meier decided to rename the company Superior Drilling Products to focus on the sale of drill head seals. Since then, the company has expanded its offerings and specializes in a wide range of products aimed at improving drilling performance and efficiency. Superior Drilling Products has developed a patented drill head sealing system that is suitable for all common wellbore diameters. With a focus on improving drilling performance, the products seek to maximize the potential for clean and effective drilling by reducing frictional forces between the drill head and the wellbore. The company's product range is divided into three segments: drill head seals, tools for completion and drilling, and reservoir-based drilling. The company offers drill head seals for every wellbore size and is known in the industry for its technically superior seals. These seals feature a special rubber compound for increased durability and longevity, resulting in lower maintenance costs for drilling equipment. The tools for completion and drilling are suitable for deep drilling in oil, gas, geothermal, and water supply wells, as well as construction and mining applications. The product range includes mills, cutting and reaming tools, cutting frames, and specialized drill bits tailored to the customer's specific requirements. Reservoir-based drilling was introduced in 2018 and is designed to shorten drilling time and reduce overall operating expenses. The system uses a unique drill-based pattern to control the wellbore, keeping it straight and minimizing deviations. It helps utilize gathered data to improve future drilling and increase long-term efficiency. In addition to selling its innovative products, Superior Drilling Products provides technology and consulting services to support its customers in increasing the efficiency of their drilling equipment and processes. This has helped establish the company as a key player in the field of drilling technology. Overall, Superior Drilling Products has experienced strong growth in recent years and expanded its presence in the international market. The company values research and development and has a strong presence in technology and innovation. With an experienced management team and a wide range of drilling products, Superior Drilling Products is well-positioned to continue offering reliable solutions to its customers' drilling needs. Superior Drilling Products ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Debt Details

Understanding Superior Drilling Products's Debt Structure

Superior Drilling Products's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.

Year-to-Year Comparison

Analyzing Superior Drilling Products's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.

Impact on Investments

Investors pay close attention to Superior Drilling Products’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.

Interpreting Debt Fluctuations

Shifts in Superior Drilling Products’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.

Frequently Asked Questions about Superior Drilling Products stock

What is the debt of Superior Drilling Products this year?

Superior Drilling Products has a debt level of 3.61 USD this year.

What was the debt of Superior Drilling Products compared to the previous year?

The debt of Superior Drilling Products has increased by 149.14% compared to the previous year increased.

What are the consequences of high debt for investors in Superior Drilling Products?

High debt can pose a risk for investors of Superior Drilling Products, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.

What are the consequences of low debt for investors of Superior Drilling Products?

Low debt means that Superior Drilling Products has a strong financial position and is able to fulfill its obligations without overburdening its finances.

How does an increase in debt from Superior Drilling Products affect the company?

An increase in debt of Superior Drilling Products can adversely affect the financial condition of the company and result in a higher burden on its finances.

How does a reduction of debt of Superior Drilling Products affect the company?

A reduction in debt of Superior Drilling Products can strengthen the company's financial position and improve its ability to meet its financial obligations.

What are some factors that influence the debt of Superior Drilling Products?

Some factors that can influence the debt of Superior Drilling Products include investments, acquisitions, operating costs, and revenue development.

Why are the debts of Superior Drilling Products so important for investors?

The debts of Superior Drilling Products are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.

What strategic measures can Superior Drilling Products take to change the debt?

To change the debt, Superior Drilling Products can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.

How much dividend does Superior Drilling Products pay?

Over the past 12 months, Superior Drilling Products paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Superior Drilling Products is expected to pay a dividend of 0 USD.

What is the dividend yield of Superior Drilling Products?

The current dividend yield of Superior Drilling Products is .

When does Superior Drilling Products pay dividends?

Superior Drilling Products pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Superior Drilling Products?

Superior Drilling Products paid dividends every year for the past 0 years.

What is the dividend of Superior Drilling Products?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Superior Drilling Products located?

Superior Drilling Products is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Superior Drilling Products kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Superior Drilling Products from 9/9/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/9/2024.

When did Superior Drilling Products pay the last dividend?

The last dividend was paid out on 9/9/2024.

What was the dividend of Superior Drilling Products in the year 2023?

In the year 2023, Superior Drilling Products distributed 0 USD as dividends.

In which currency does Superior Drilling Products pay out the dividend?

The dividends of Superior Drilling Products are distributed in USD.