Crescent Energy Co (CRGY)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,333,220 | 9,250,430 | 7,480,820 | 6,797,920 | 6,803,340 | 6,986,430 | 6,148,260 | 6,111,710 | 6,019,850 | 6,229,590 | 6,273,670 | 6,174,490 | 5,157,460 | 3,737,830 | 3,760,470 | 3,891,220 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 consistently remained at 0.00 for the past several quarters based on the data provided. This indicates that the company has not had any debt on its balance sheet relative to its total assets during this period. A low or zero debt-to-assets ratio generally suggests that the company is not relying heavily on debt to finance its operations and that it has a strong financial position with a substantial proportion of assets financed by equity. It also implies a lower financial risk as the company is not burdened by significant debt obligations that could impact its financial stability. However, it is important to note that a very low debt-to-assets ratio may also indicate underutilization of debt as a potential source of funding for growth opportunities or strategic investments.
Peer comparison
Dec 31, 2024