APA Corporation (APA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 19,390,000 | 15,244,000 | 13,147,000 | 13,303,000 | 12,746,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,390,000K
= 0.00
Based on the provided data, APA Corporation has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or growth relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies a debt-free capital structure, suggesting that APA Corporation relies primarily on equity or retained earnings to support its asset base. While a zero debt-to-assets ratio can signal financial stability and low default risk, it may also indicate missed opportunities for leveraging debt to potentially enhance returns. Further analysis of APA Corporation's overall financial strategy and performance would provide a more holistic view of its capital management practices.
Peer comparison
Dec 31, 2024