APA Corporation (APA)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	19,390,000	19,376,000	20,195,000	14,952,000	15,244,000	13,545,000	13,244,000	13,213,000	13,147,000	13,629,000	12,924,000	12,476,000	13,303,000	13,310,000	13,512,000	13,127,000	12,746,000	12,875,000	12,999,000	13,391,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

The debt-to-assets ratio for APA Corporation has been consistently at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 suggests that the company's assets are fully funded by equity, implying a lower financial risk as there are no obligations to creditors in the form of debt. It also indicates a strong financial position and the ability to withstand economic downturns or financial stress without the burden of debt repayment.