California Resources Corp (CRC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,132,000 | 540,000 | 592,000 | 589,000 | 4,877,000 |
| Total assets | US$ in thousands | 7,135,000 | 3,998,000 | 3,967,000 | 3,846,000 | 6,958,000 |
| Debt-to-assets ratio | 0.16 | 0.14 | 0.15 | 0.15 | 0.70 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,132,000K ÷ $7,135,000K
= 0.16
The debt-to-assets ratio of California Resources Corp has shown a decreasing trend over the years, starting at 0.70 as of December 31, 2019, and falling to 0.15 as of both December 31, 2021 and December 31, 2022. It further decreased to 0.14 as of December 31, 2023, before slightly increasing to 0.16 as of December 31, 2024.
This trend suggests that California Resources Corp has been effectively managing its debt levels in relation to its total assets, indicating a relatively lower dependence on debt financing compared to its asset base. A decreasing debt-to-assets ratio typically indicates improved financial health and lower risk for the company, as it implies a stronger ability to cover its debt obligations with its existing assets. However, the slight increase in the ratio in 2024 may warrant further monitoring to ensure that the company maintains a healthy balance between debt and assets in the future.
Peer comparison
Dec 31, 2024