Chord Energy Corp (CHRD)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 13,032,000 | 13,034,200 | 13,147,300 | 7,025,510 | 7,266,820 | 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 | 2,159,040 | 2,506,780 | 2,625,630 | 2,869,840 |
| Total stockholders’ equity | US$ in thousands | 8,702,260 | 8,776,910 | 8,841,150 | 5,075,180 | 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 | 915,942 | -810,015 | -759,124 | -670,739 |
| Financial leverage ratio | 1.50 | 1.49 | 1.49 | 1.38 | 1.43 | 1.40 | 1.36 | 1.39 | 1.42 | 1.47 | 2.56 | 2.09 | 2.93 | 3.32 | 3.51 | 2.66 | 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 shown fluctuations over the past five years. From December 31, 2020 to September 30, 2021, the ratio increased steadily from 2.36 to 3.51, indicating a higher level of debt relative to equity during this period. However, from September 30, 2021 to December 31, 2021, there was a slight decrease in the ratio to 2.93.
Subsequently, from March 31, 2022 to September 30, 2024, the financial leverage ratio decreased consistently, reaching its lowest point of 1.39 on March 31, 2023. This downward trend suggests a reduction in debt relative to equity, indicating a potentially stronger financial position and lower financial risk for the company during this period.
Overall, the financial leverage ratio of Chord Energy Corp has shown a decreasing trend in recent years, indicating a more conservative capital structure and potentially improved financial stability. However, it is important to continue monitoring this ratio to assess the company's ongoing leverage levels and financial risk.
Peer comparison
Dec 31, 2024