California Resources Corp (CRC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,132,000 | 1,131,000 | 1,161,000 | 541,000 | 540,000 | 589,000 | 593,000 | 592,000 | 592,000 | 591,000 | 591,000 | 590,000 | 589,000 | 589,000 | 589,000 | 588,000 | 597,000 | 0 | 0 | 1,000,000 |
| Total assets | US$ in thousands | 7,135,000 | 7,128,000 | 4,490,000 | 3,910,000 | 3,998,000 | 3,952,000 | 3,900,000 | 4,000,000 | 3,967,000 | 3,986,000 | 4,018,000 | 4,032,000 | 3,846,000 | 3,342,000 | 3,240,000 | 3,180,000 | 3,074,000 | 4,856,000 | 4,930,000 | 4,974,000 |
| Debt-to-assets ratio | 0.16 | 0.16 | 0.26 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.18 | 0.18 | 0.18 | 0.19 | 0.00 | 0.00 | 0.20 |
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 relatively stable trend over the past few years, ranging between 0.14 and 0.26. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests lower financial risk and a stronger financial position, while a higher ratio may indicate higher financial leverage and risk. In this case, the company's ratio has generally been on the lower side, with the ratio decreasing from 0.26 in June 2024 to 0.16 in December 2024. Overall, a lower debt-to-assets ratio can be seen as a positive indicator of the company's ability to manage its debt obligations and utilize its assets efficiently.
Peer comparison
Dec 31, 2024