California Resources Corp (CRC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.02 | 2.04 | 2.19 | 1.87 | 1.80 | 1.93 | 1.85 | 1.91 | 2.13 | 2.15 | 2.65 | 2.81 | 2.28 | 3.18 | 3.63 | 3.04 | 2.70 | — | — | — |
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 shown fluctuation over the reported periods. The ratio indicates the extent to which the company is using debt to finance its operations and investments.
From December 31, 2020, to June 30, 2021, the financial leverage ratio increased significantly from 2.70 to 3.63, suggesting a higher reliance on debt during this period. However, it decreased to 2.28 by December 31, 2021, indicating a reduction in debt relative to equity.
The ratio continued to fluctuate over the following periods, with a decreasing trend overall. By December 31, 2024, the financial leverage ratio stood at 2.02, which was lower compared to the earlier periods.
Overall, the company's financial leverage ratio has displayed variability, potentially indicating changes in the capital structure and debt management strategies of California Resources Corp during the analyzed periods.
Peer comparison
Dec 31, 2024