Chesapeake Energy Corp (CHK)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	2,028,000	2,032,000	2,036,000	2,040,000	3,093,000	2,717,000	3,046,000	2,774,000	2,278,000	1,259,000	1,261,000	1,262,000	0	0	0	9,163,000	9,073,000	9,133,000	9,701,000	9,167,000
Total assets	US$ in thousands	14,376,000	14,248,000	14,429,000	14,591,000	15,468,000	14,089,000	13,899,000	13,293,000	11,009,000	7,326,000	6,999,000	6,904,000	6,584,000	6,903,000	6,553,000	7,808,000	16,193,000	16,579,000	16,540,000	16,637,000
Debt-to-assets ratio		0.14	0.14	0.14	0.14	0.20	0.19	0.22	0.21	0.21	0.17	0.18	0.18	0.00	0.00	0.00	1.17	0.56	0.55	0.59	0.55

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,028,000K ÷ $14,376,000K
= 0.14

The debt-to-assets ratio for Chesapeake Energy Corp has shown relatively stable levels around 0.14 to 0.22 from Dec 31, 2021, to Dec 31, 2023. This indicates that the company is relying more on equity financing rather than debt to fund its assets during this period. However, there was a notable anomaly in the ratio for the first quarter of 2020, where the ratio spiked to 1.17, suggesting a significant increase in debt relative to assets during that period. Overall, the company's debt-to-assets ratio has been relatively low and stable in recent periods, indicating a conservative approach to leverage.