Chord Energy Corp (CHRD)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| 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 | — | — | — |
The solvency ratios of Chord Energy Corp, as reflected in its financial statements, show a consistently low level of debt compared to its assets across the years, with a debt-to-assets ratio of 0.00 throughout the reporting periods. The debt-to-capital ratio remained stable at 0.00 from December 2020 to December 2024, indicating that the company's debt is well-managed in relation to its capital structure.
Similarly, the debt-to-equity ratio for Chord Energy Corp was 0.00 from December 2020 to December 2024, further highlighting the company's strong financial position and minimal reliance on debt financing. The financial leverage ratio, which began at 2.36 in December 2020, gradually decreased to 1.50 by December 2024, indicating an improving trend in the company's ability to meet its financial obligations with a lower level of debt.
Overall, the solvency ratios of Chord Energy Corp suggest a conservative approach to managing debt and a healthy balance between debt and equity in its capital structure, contributing to the company's financial stability and resilience.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 20.53 | 27.84 | 36.59 | 42.26 | 50.70 | 51.73 | 73.46 | 72.22 | 54.67 | 47.15 | 14.02 | 7.45 | 6.28 | 16.17 | 10.15 | 6.37 | -21.82 | -21.43 | -20.80 | -19.81 |
Chord Energy Corp's interest coverage ratio, as reflected in the provided data, has shown a fluctuating trend over the specified time periods. The interest coverage ratio indicates the company's ability to meet its interest obligations from its operating income.
Historically, the company experienced negative interest coverage ratios in the early periods, suggesting that the operating income was insufficient to cover the interest expenses. This situation can be risky as it indicates financial distress and potential difficulties in meeting debt obligations.
From March 31, 2021, onwards, the interest coverage ratios improved significantly, indicating that Chord Energy Corp's operating income became more robust in relation to its interest expenses. The positive ratios demonstrate the company's enhanced ability to comfortably cover its interest payments from its operating earnings.
Notably, the interest coverage ratio spiked in the latter half of 2023 and the first half of 2024, reaching the highest levels in the dataset. This substantial increase suggests a significant improvement in the company's ability to service its interest payments efficiently, indicating a positive shift in the financial health and stability of Chord Energy Corp.
Overall, the trend of increasing interest coverage ratios from negative values to strong positive levels indicates an improvement in the company's financial position and its ability to manage its debt obligations effectively over the specified time frame.