Crescent Energy Co (CRGY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,333,220 | 6,803,340 | 6,019,850 | 5,157,460 | 3,907,370 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,333,220K
= 0.00
The debt-to-assets ratio of Crescent Energy Co has shown consistent readings of 0.00 for the years ending December 31, 2020 through December 31, 2024. This indicates that the company has had no debt in relation to its total assets during these years. A debt-to-assets ratio of 0% typically suggests that the company is not relying on debt to finance its operations or investments, and instead, has sufficient funds from equity or other sources to support its asset base. It also signifies a lower financial risk as the company is not heavily leveraged. However, it's important to note that a very low debt-to-assets ratio could also mean missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024