APA Corporation (APA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,280,000	5,114,000	5,423,000	2,607,000	2,655,000	1,078,000	709,000	444,000	423,000	600,000	584,000	-18,000	-1,595,000	-1,095,000	-964,000	-1,258,000	-1,639,000	-1,641,000	-1,635,000	-1,246,000
Debt-to-capital ratio		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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,280,000K)
= 0.00

Based on the data provided, APA Corporation's debt-to-capital ratio has improved significantly from not having data available in the past to consistently being at 0.00% from June 30, 2022, to December 31, 2024.

A debt-to-capital ratio of 0.00% indicates that the company has no debt in relation to its total capital, suggesting a strong financial position with lower financial risk. This could imply that APA Corporation has been paying down its debt or has sufficient capital to fund operations without the need for external borrowings.

Having a debt-to-capital ratio of 0.00% can also be viewed positively by investors and creditors as it signifies a lower risk of default on debt obligations and a higher capacity to withstand economic downturns.

Overall, APA Corporation's consistent 0.00% debt-to-capital ratio from June 2022 to December 2024 reflects a healthy financial position with minimal debt relative to its capital structure.