APA Corporation (APA)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	5,280,000	2,655,000	423,000	-1,595,000	-1,639,000
Debt-to-equity ratio		0.00	0.00	0.00	—	—

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,280,000K
= 0.00

The debt-to-equity ratio for APA Corporation indicates a favorable trend, showing a steady decrease from "2012 related data not available" to 0.00 as of December 31, 2022, and remaining at 0.00 for the subsequent years through December 31, 2024. A debt-to-equity ratio of 0.00 suggests that the company has no debt or a very minimal amount in relation to its equity. This indicates a strong financial position and lower financial risk for APA Corporation, as it relies more on equity financing rather than debt to fund its operations and growth. Overall, the decreasing trend in the debt-to-equity ratio highlights APA Corporation's effective management of its capital structure and prudent financial decisions.