Chord Energy Corp (CHRD)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 13,032,000 | 6,926,150 | 6,631,080 | 3,026,790 | 2,159,040 |
| Total stockholders’ equity | US$ in thousands | 8,702,260 | 5,076,620 | 4,679,800 | 1,032,900 | 915,942 |
| Financial leverage ratio | 1.50 | 1.36 | 1.42 | 2.93 | 2.36 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,032,000K ÷ $8,702,260K
= 1.50
The financial leverage ratio of Chord Energy Corp has fluctuated over the past five years. Starting at 2.36 in December 2020, the ratio increased to 2.93 by December 2021, indicating a higher level of financial leverage. However, in the following years, there was a downward trend in the ratio, reaching 1.42 by December 2022, 1.36 by December 2023, and rising slightly to 1.50 by December 2024. This suggests that the company reduced its reliance on debt financing compared to equity financing during this period. Overall, the decreasing trend in the financial leverage ratio indicates a potential improvement in the company's financial stability and risk management.
Peer comparison
Dec 31, 2024