Drilling Tools International Corp financial data

Symbol
DTI on Nasdaq
Industry
Oil & Gas Field Machinery & Equipment
Location
3701 Briarpark Drive, Suite 150, Houston, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
ROC Energy Acquisition Corp. (to 6/27/2023)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 180 %
Quick Ratio 24.9 %
Debt-to-equity 64.7 % +11.7%
Return On Equity 14.1 % -84.8%
Return On Assets 8.55 % -37.5%
Operating Margin 16.9 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 29.8 M shares +10.9%
Common Stock, Shares, Outstanding 29.8 M shares
Entity Public Float 128 M USD -37.9%
Common Stock, Value, Issued 3 K USD
Weighted Average Number of Shares Outstanding, Basic 29.8 M shares +149%
Weighted Average Number of Shares Outstanding, Diluted 29.8 M shares +51.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 0 USD
Revenue from Contract with Customer, Excluding Assessed Tax 148 M USD -9.38%
General and Administrative Expense 2.95 M USD +577%
Costs and Expenses 123 M USD -3.15%
Operating Income (Loss) 25.1 M USD -25%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 16.4 M USD -49.3%
Income Tax Expense (Benefit) 4.26 M USD -45.6%
Net Income (Loss) Attributable to Parent 12.2 M USD -52.2%
Earnings Per Share, Basic 0.33 USD/shares -84.4%
Earnings Per Share, Diluted 0.41 USD/shares -70.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 14.1 M USD +187709%
Accounts Receivable, after Allowance for Credit Loss, Current 35.7 M USD
Inventory, Net 11.4 M USD
Other Assets, Current 0 USD
Assets, Current 65.6 M USD +48539%
Property, Plant and Equipment, Net 70.6 M USD
Operating Lease, Right-of-Use Asset 18.3 M USD
Goodwill 2.56 M USD
Assets 167 M USD -23.4%
Accounts Payable, Current 16.7 M USD
Accrued Liabilities, Current 8.44 M USD
Contract with Customer, Liability, Current 44 K USD
Liabilities, Current 34.1 M USD
Deferred Income Tax Liabilities, Net 6.89 M USD
Operating Lease, Liability, Noncurrent 14.4 M USD
Liabilities 75.4 M USD +996%
Accumulated Other Comprehensive Income (Loss), Net of Tax -736 K USD
Retained Earnings (Accumulated Deficit) -3.18 M USD +46.6%
Stockholders' Equity Attributable to Parent 91.5 M USD +150%
Liabilities and Equity 167 M USD -23.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 3.31 M USD -53.3%
Net Cash Provided by (Used in) Financing Activities 24.6 M USD
Net Cash Provided by (Used in) Investing Activities -19.6 M USD -1577%
Common Stock, Shares Authorized 500 M shares +400%
Common Stock, Shares, Issued 29.8 M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 8.05 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 7.48 K USD -98.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 58 K USD -86.9%
Deferred Tax Assets, Valuation Allowance 0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 5.03 M USD -23.7%
Operating Lease, Liability 18.4 M USD
Depreciation 20.6 M USD +6%
Payments to Acquire Property, Plant, and Equipment 6.23 M USD -11.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 11.5 M USD -54.1%
Lessee, Operating Lease, Liability, to be Paid 21.9 M USD
Property, Plant and Equipment, Gross 205 M USD
Operating Lease, Liability, Current 3.97 M USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 3.72 M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 4.24 M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure
Deferred Income Tax Expense (Benefit) 266 K USD -76.2%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.55 M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.54 M USD
Deferred Tax Assets, Operating Loss Carryforwards 1.54 M USD -54.3%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 3.83 M USD +567%
Current Income Tax Expense (Benefit) 1.6 M USD -38.8%
Preferred Stock, Shares Authorized 10 M shares +900%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.98 M USD
Operating Lease, Payments 1.35 M USD
Additional Paid in Capital 95.4 M USD
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 785 K USD +66.3%
Current Federal Tax Expense (Benefit) 162 K USD -76.9%
Amortization of Intangible Assets 66 K USD +158%
Deferred Tax Assets, Net of Valuation Allowance 5.03 M USD -23.7%
Share-based Payment Arrangement, Expense 208 K USD
Deferred State and Local Income Tax Expense (Benefit) -417 K USD -2417%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%