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ChampionX Corporation Balance Sheet 2024-2011 | CHX
Brief overview of ChampionX Corporation's balance sheet structure
Balance sheet changes are traced across five available annual reports between 2020 and 2024.
Assets shifted from $3.5 billion to $3.5 billion, leaving five-period growth close to stagnation.
Liabilities grew more slowly than assets: -12% versus -0.2%. Expansion relied more on equity, improving funding quality.
Internal capital represents 53.2% of the balance sheet, previously 46.4%. This is a strong capital position.
Net debt equals roughly 0.05x of equity. This is a moderate load and leaves room for maneuver.
The cash reserve occupies 14.6% of the balance sheet, previously 5.8%. It is one marker of short-term resilience.
Retained earnings remain negative at -$239 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Overall assessment
The indicators point to a strong balance sheet position for ChampionX Corporation: funding is balanced and liability risks appear controlled.
Annual Balance Sheet ChampionX Corporation
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
101 M | 329 M | 400 M | 479 M | 738 M | 529 M | 624 M | -18.9 M | -23.4 M | -7.14 M | - | - | - | - |
Long Term Debt |
591 M | 594 M | 622 M | 698 M | 906 M | 555 M | 659 M | - | - | 3.28 M | - | - | - | - |
Long Term Debt Current |
16.8 M | 23.3 M | 28.8 M | 36.4 M | 33.2 M | 7.62 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 687 M | 788 M | 114 M | 187 M | 216 M | - | - | - | - |
Total Current Liabilities |
786 M | 783 M | 859 M | 802 M | 623 M | 200 M | 202 M | - | - | - | - | - | - | - |
Total Liabilities |
1.64 B | 1.58 B | 1.71 B | 1.78 B | 1.86 B | 887 M | 990 M | 265 M | 300 M | 344 M | - | - | - | - |
Deferred Revenue |
16.5 M | 27.4 M | 14.1 M | 15.2 M | 156 M | - | - | 4.49 M | 3.79 M | - | - | - | - | - |
Retained Earnings |
-239 M | -456 M | -528 M | -525 M | -638 M | 107 M | 55.8 M | - | - | - | - | - | - | - |
Total Assets |
3.47 B | 3.24 B | 3.39 B | 3.53 B | 3.48 B | 1.92 B | 1.97 B | 1.9 B | 1.85 B | 1.98 B | - | - | - | - |
Cash and Cash Equivalents |
508 M | 289 M | 250 M | 255 M | 201 M | 35.3 M | 41.8 M | 23.7 M | - | - | - | - | - | - |
Book Value |
1.83 B | 1.66 B | 1.68 B | 1.75 B | 1.61 B | 1.04 B | 982 M | 1.64 B | 1.55 B | 1.64 B | - | - | - | - |
Total Shareholders Equity |
1.85 B | 1.68 B | 1.68 B | 1.75 B | 1.61 B | 1.03 B | 979 M | 1.64 B | 1.55 B | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet ChampionX Corporation
| 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
591 M | 591 M | 592 M | 593 M | 594 M | 594 M | 595 M | 595 M | 596 M | 622 M | 644 M | - | 691 M | 698 M | 744 M | 839 M | 899 M | 906 M | 906 M | 906 M | 906 M | 555 M | 560 M | 560 M | 638 M | 663 M | 666 M | 666 M | 666 M | 5.81 M | 3.74 M | 3.74 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
1.6 B | 1.64 B | 1.58 B | 1.56 B | 1.63 B | 1.58 B | 1.61 B | 1.62 B | 1.66 B | 1.71 B | 1.71 B | - | 1.79 B | 1.78 B | 1.79 B | 1.83 B | 1.85 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 887 M | 887 M | 887 M | 887 M | 997 M | 990 M | 990 M | 990 M | 266 M | 265 M | 265 M | 265 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
16.7 M | 16.5 M | 16 M | 21.7 M | 24.4 M | 27.4 M | 25.9 M | 20.5 M | 17 M | 14.1 M | 13.7 M | - | 16.6 M | 15.2 M | 14.7 M | 15.9 M | 17 M | 16.7 M | 16.7 M | 16.7 M | 16.7 M | 6.15 M | 6.15 M | 6.15 M | 6.15 M | 5.86 M | 5.86 M | 5.86 M | 5.86 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-171 M | -239 M | -304 M | -357 M | -392 M | -456 M | -443 M | -457 M | -506 M | -528 M | -530 M | - | -504 M | -525 M | -569 M | -625 M | -633 M | -638 M | -638 M | -638 M | -638 M | 107 M | 107 M | 107 M | 107 M | 54.9 M | 55.8 M | 55.8 M | 55.8 M | - | - | - | 1.66 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
3.5 B | 3.47 B | 3.38 B | 3.29 B | 3.32 B | 3.24 B | 3.31 B | 3.33 B | 3.33 B | 3.39 B | 3.4 B | - | 3.57 B | 3.53 B | 3.5 B | 3.49 B | 3.48 B | 3.48 B | 3.48 B | 3.48 B | 3.48 B | 1.92 B | 1.92 B | 1.92 B | 1.92 B | 1.97 B | 1.97 B | 1.97 B | 1.97 B | 1.91 B | 1.9 B | 1.9 B | 1.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
527 M | 508 M | 389 M | 393 M | 386 M | 289 M | 285 M | 263 M | 248 M | 250 M | 191 M | 171 M | 181 M | 252 M | 257 M | 239 M | 260 M | 201 M | 201 M | 201 M | 201 M | 35.3 M | 40.6 M | 24.3 M | 28.4 M | 41.8 M | 18 M | 41.8 M | 41.8 M | 23.7 M | 23.7 M | 23.7 M | 23.7 M | 26 M | - | - | - | 10.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
1.9 B | 1.83 B | 1.8 B | 1.73 B | 1.7 B | 1.66 B | 1.71 B | 1.71 B | 1.67 B | 1.68 B | 1.69 B | - | 1.78 B | 1.75 B | 1.71 B | 1.66 B | 1.63 B | 1.61 B | 1.61 B | 1.61 B | 1.61 B | 1.04 B | 1.04 B | 1.04 B | 1.04 B | 976 M | 982 M | 982 M | 982 M | 1.64 B | 1.64 B | 1.64 B | 1.64 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
1.92 B | 1.85 B | 1.81 B | 1.75 B | 1.7 B | 1.68 B | 1.71 B | 1.71 B | 1.67 B | 1.69 B | 1.69 B | 1.79 B | 1.78 B | 1.77 B | 1.71 B | 1.66 B | 1.63 B | 1.63 B | 1.63 B | 1.63 B | 1.63 B | 1.03 B | 1.03 B | 1.03 B | 1.03 B | 974 M | 979 M | 979 M | 979 M | 1.64 B | 1.64 B | 1.64 B | 1.64 B | 1.55 B | - | - | - | 1.64 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of ChampionX Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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