California Resources Corp (CRC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,135,000 | 3,998,000 | 3,967,000 | 3,846,000 | 6,958,000 |
| Total stockholders’ equity | US$ in thousands | 3,538,000 | 2,219,000 | 1,864,000 | 1,688,000 | -389,000 |
| Financial leverage ratio | 2.02 | 1.80 | 2.13 | 2.28 | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,135,000K ÷ $3,538,000K
= 2.02
The financial leverage ratio of California Resources Corp has exhibited fluctuations over the past five years. From an undefined value in December 2019, the ratio increased to 2.28 by the end of December 2021. Subsequently, it decreased to 2.13 by December 2022 and further declined to 1.80 by December 2023. However, there was a slight uptick to 2.02 by December 2024. These fluctuations suggest varying levels of debt utilization by the company to finance its operations and investments during the period under consideration.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
California Resources Corp
CRC
2.02
Antero Resources Corp
AR
1.85
APA Corporation
APA
3.58
Atlas Energy Solutions Inc.
AESI
1.90
Chord Energy Corp
CHRD
1.36
Civitas Resources Inc
CIVI
2.25
CNX Resources Corp
CNX
2.08
Comstock Resources Inc
CRK
2.65
Coterra Energy Inc
CTRA
1.65
Crescent Energy Co
CRGY
1.87
Devon Energy Corporation
DVN
2.10