California Resources Corp (CRC)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 4,877,000 | 3,900,000 | 4,600,000 | 4,800,000 |
| Total assets | US$ in thousands | 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 | 6,958,000 | 7,035,000 | 7,032,000 | 7,230,000 |
| Debt-to-assets ratio | 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 | 0.70 | 0.55 | 0.65 | 0.66 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $540,000K ÷ $3,998,000K
= 0.14
The debt-to-assets ratio for California Resources Corporation has remained relatively stable over the past five quarters, ranging from 0.14 to 0.15. This indicates that the company's level of debt in relation to its total assets has been consistent, with the majority of its assets financed through equity rather than debt. A low debt-to-assets ratio typically suggests lower financial risk and a stronger financial position, as the company is not overly reliant on debt to fund its operations. However, it is important to consider other factors such as the nature of the industry and overall market conditions to gain a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023