Chord Energy Corp (CHRD)
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 | 13,032,000 | 6,926,150 | 6,631,080 | 3,026,790 | 2,159,040 |
| 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 ÷ $13,032,000K
= 0.00
The debt-to-assets ratio of Chord Energy Corp remained constant at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company financed its assets entirely with equity rather than debt during this period. A debt-to-assets ratio of 0.00 implies that the company has no financial leverage and faces no risk of insolvency due to debt obligations. It also suggests a strong financial position, as the company has a low level of debt relative to its asset base. However, it is important to note that a very low debt-to-assets ratio may also mean missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's capital structure and overall financial health is recommended to gain a more comprehensive understanding of its financial strategy and risk management practices.
Peer comparison
Dec 31, 2024