California Resources Corp (CRC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,538,000 | 2,219,000 | 1,864,000 | 1,688,000 | -389,000 |
| Debt-to-equity ratio | 0.32 | 0.24 | 0.32 | 0.35 | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,132,000K ÷ $3,538,000K
= 0.32
The debt-to-equity ratio of California Resources Corp has shown a decreasing trend over the years, indicating a favorable financial position in terms of leverage. As of December 31, 2019, the ratio was not available. However, from December 31, 2021, to December 31, 2024, the debt-to-equity ratio has consistently decreased from 0.35 to 0.32 and then further to 0.24, before rising slightly to 0.32.
This declining trend in the debt-to-equity ratio suggests that the company is relying less on debt to finance its operations and investments while increasingly utilizing equity, which typically indicates a lower financial risk. Overall, the decreasing trend indicates an improvement in the company's debt management and financial stability over the period under review.
Peer comparison
Dec 31, 2024