Chord Energy Corp (CHRD)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.36 | 1.40 | 1.36 | 1.39 | 1.42 | 1.47 | 2.56 | 2.09 | 2.93 | 3.32 | 3.51 | 2.66 | — | — | — | 2.06 | 2.07 | 2.10 | 2.11 | 2.04 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,926,150K ÷ $5,076,620K
= 1.36
The financial leverage ratio of Chord Energy Corp has shown some fluctuations over the past eight quarters. The ratio decreased from 1.42 in Q4 2022 to 1.36 in Q4 2023, indicating a reduction in the company's reliance on debt to finance its operations during this period. However, it increased again to 1.40 in Q3 2023 before dropping back to 1.36 in Q2 2023 and slightly rising to 1.39 in Q1 2023.
Notably, in Q2 2022, the financial leverage ratio spiked to 2.56, suggesting a significant increase in the company's debt relative to its equity. This spike could indicate either a substantial increase in debt levels or a decrease in equity during that quarter. However, the ratio gradually improved in subsequent quarters, reaching 2.09 in Q1 2022.
Overall, the trend in the financial leverage ratio for Chord Energy Corp indicates some variability in the company's capital structure and debt management over the analyzed period. It is essential for stakeholders to monitor these fluctuations to assess the company's risk and financial health accurately.
Peer comparison
Dec 31, 2023