California Resources Corp (CRC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,538,000 | 3,501,000 | 2,052,000 | 2,093,000 | 2,219,000 | 2,050,000 | 2,110,000 | 2,092,000 | 1,864,000 | 1,855,000 | 1,517,000 | 1,433,000 | 1,688,000 | 1,052,000 | 893,000 | 1,046,000 | 1,138,000 | -2,341,000 | -2,452,000 | -2,183,000 |
| Debt-to-equity ratio | 0.32 | 0.32 | 0.57 | 0.26 | 0.24 | 0.29 | 0.28 | 0.28 | 0.32 | 0.32 | 0.39 | 0.41 | 0.35 | 0.56 | 0.66 | 0.56 | 0.52 | — | — | — |
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 fluctuations over the reported periods. It was not available for the first three quarters of 2020 but started at 0.52 in December 2020. Since then, the ratio has displayed some variability, reaching its peak at 0.66 in June 2021 before gradually declining to 0.26 in March 2024. The ratio saw a notable spike to 0.57 in June 2024, signifying a temporary increase in debt relative to equity. Overall, the trend indicates that the company has been managing its debt levels reasonably well, with the ratio mostly remaining within a moderate range.
Peer comparison
Dec 31, 2024