Chord Energy Corp (CHRD)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	395,902	395,475	395,049	394,626	394,209	393,782	393,354	392,933	392,524	1,041,900	1,044,470	674,238	487,500	2,761,670	2,777,930	2,711,570	2,798,860	2,896,520	2,791,330	2,735,280
Total assets	US$ in thousands	6,926,150	6,912,540	6,559,690	6,615,400	6,631,080	6,555,140	3,062,410	3,007,950	3,026,790	2,999,510	2,936,720	2,297,180	2,506,780	2,625,630	2,869,840	7,499,250	7,666,980	7,710,290	7,646,350	7,626,140
Debt-to-assets ratio		0.06	0.06	0.06	0.06	0.06	0.06	0.13	0.13	0.13	0.35	0.36	0.29	0.19	1.05	0.97	0.36	0.37	0.38	0.37	0.36

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $395,902K ÷ $6,926,150K
= 0.06

Chord Energy Corp has maintained a consistent debt-to-assets ratio of 0.06 over the last four quarters of 2023. This indicates that the company is financing only a small portion of its assets with debt, with the majority of assets being funded through equity or other sources.

Comparing this to the previous year, the company's debt-to-assets ratio was higher in the second and first quarters of 2022, at 0.13. This suggests that the company has made efforts to reduce its debt levels relative to its total assets over the past year, which may indicate improved financial stability and reduced financial risk.

Overall, the consistent low debt-to-assets ratio of 0.06 in 2023 reflects Chord Energy Corp's conservative approach to debt management and a strong financial position with a low reliance on debt financing.