Chord Energy Corp (CHRD)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	5,076,620	4,941,010	4,819,570	4,758,740	4,679,800	4,470,810	1,198,100	1,441,960	1,032,900	904,442	836,067	864,777	-810,015	-759,124	-670,739	3,636,140	3,705,330	3,676,770	3,624,790	3,734,580
Debt-to-equity ratio		0.08	0.08	0.08	0.08	0.08	0.09	0.33	0.27	0.38	1.15	1.25	0.78	—	—	—	0.75	0.76	0.79	0.77	0.73

December 31, 2023 calculation

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

The debt-to-equity ratio of Chord Energy Corp has remained relatively stable over the past eight quarters, fluctuating within a narrow range between 0.08 and 0.33. The company's debt levels relative to its equity indicate a conservative capital structure, with a low dependence on debt financing compared to equity. The significant decrease in the debt-to-equity ratio from 0.33 in Q2 2022 to 0.08 in subsequent quarters suggests that the company has reduced its debt levels and strengthened its financial position. Overall, Chord Energy Corp's consistent low debt-to-equity ratio indicates a prudent approach to managing its financial leverage.