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.