Crescent Energy Co (CRGY)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,225,170 | 2,403,680 | 1,749,230 | 1,694,380 | 1,912,190 | 1,331,560 | 1,244,590 | 1,247,560 | 1,372,330 |
| Total stockholders’ equity | US$ in thousands | 4,195,430 | 3,587,090 | 3,542,960 | 3,635,720 | 3,515,940 | 3,517,420 | 3,523,650 | 3,298,990 | 3,268,980 |
| Debt-to-capital ratio | 0.43 | 0.40 | 0.33 | 0.32 | 0.35 | 0.27 | 0.26 | 0.27 | 0.30 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,225,170K ÷ ($3,225,170K + $4,195,430K)
= 0.43
The debt-to-capital ratio of Crescent Energy Co has fluctuated over the past few quarters. The ratio indicates the proportion of the company's capital structure that is financed by debt. A higher ratio suggests a greater reliance on debt financing.
Looking at the trend, the company's debt-to-capital ratio has been relatively stable around 0.30 to 0.40, with some fluctuations. In the most recent quarter, the ratio stood at 0.43, indicating that 43% of the company's capital was financed by debt. This represents an increase from the previous quarter's ratio of 0.40.
The overall trend suggests that Crescent Energy Co has been managing its debt levels effectively, staying within a reasonable range of debt-to-capital ratio. However, it is important for the company to closely monitor this ratio to ensure that its capital structure remains balanced and sustainable.
Peer comparison
Sep 30, 2024