Chord Energy Corp (CHRD)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	395,902	394,209	392,524	2,711,570	2,735,280
Total stockholders’ equity	US$ in thousands	5,076,620	4,679,800	1,032,900	3,636,140	3,734,580
Debt-to-equity ratio		0.08	0.08	0.38	0.75	0.73

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $395,902K ÷ $5,076,620K
= 0.08

Chord Energy Corp's debt-to-equity ratio has been relatively stable over the past three years, standing at 0.08 in both 2023 and 2022. This indicates that the company has a low level of debt compared to its equity during these years. However, there was a significant decrease in the ratio from 2021 to 2022, where it dropped from 0.38 to 0.08. This suggests that the company reduced its reliance on debt financing in 2022. Overall, the consistent low debt-to-equity ratio of Chord Energy Corp demonstrates a conservative financial structure, which may indicate a lower financial risk compared to companies with higher leverage ratios.