Chord Energy Corp (CHRD)

Solvency ratios

	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
Debt-to-assets ratio	0.06	0.06	0.06	0.06	0.06	0.06	0.13	0.13	0.13	0.35	0.36	0.29	0.19	1.05	0.97	0.36	0.37	0.38	0.37	0.36
Debt-to-capital ratio	0.07	0.07	0.08	0.08	0.08	0.08	0.25	0.21	0.28	0.54	0.56	0.44	—	1.38	1.32	0.43	0.43	0.44	0.44	0.42
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
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

Chord Energy Corp's solvency ratios indicate a consistent and stable financial position over the quarters analyzed. The debt-to-assets ratio has remained steady at 0.06, suggesting that only a small portion of the company's assets are financed by debt. This indicates a low financial risk related to asset coverage.

Similarly, the debt-to-capital and debt-to-equity ratios have also shown consistency at around 0.07 to 0.08 and 0.08 respectively. These ratios indicate that the company relies moderately on debt to finance its operations, with a significant portion of capital or equity supporting its assets.

The financial leverage ratio, which measures the extent of a company's financing through debt, has fluctuated slightly but remained within a reasonable range. The ratio has ranged from 1.36 to 1.47, indicating that the company's assets are leveraged moderately with debt. The decreasing trend in the financial leverage ratio over time is a positive sign for the company's financial stability.

Overall, Chord Energy Corp's solvency ratios suggest a prudent and balanced approach to managing its debt levels and financial risk, with a strong emphasis on maintaining a healthy capital structure.

Coverage ratios

	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
Interest coverage	47.77	45.52	64.93	60.24	62.65	57.08	31.81	26.03	11.34	1.67	-0.29	-25.15	-22.49	-21.47	-20.88	-0.01	2.33	2.87	0.03	0.74

The interest coverage ratio for Chord Energy Corp over the past eight quarters has exhibited fluctuations but generally remained at healthy levels. In Q4 2023, the interest coverage ratio was 45.31, showing a slight decrease from the previous quarter but still indicating the company's ability to cover its interest expenses comfortably. This downward trend from the peak of 298.71 in Q3 2022 may suggest a change in the company's debt structure or profitability during this period. Overall, Chord Energy Corp's interest coverage ratios have demonstrated stability and financial strength, with the company consistently being able to meet its interest obligations from its operating income.