Crescent Energy Co (CRGY)
Debt-to-equity 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-equity ratio | 0.77 | 0.67 | 0.49 | 0.47 | 0.54 | 0.38 | 0.35 | 0.38 | 0.42 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,225,170K ÷ $4,195,430K
= 0.77
The debt-to-equity ratio of Crescent Energy Co has fluctuated over the past few quarters, indicating changes in the company's capital structure. The ratio was highest at 0.77 in September 2024 and lowest at 0.34 in December 2021. A higher debt-to-equity ratio generally suggests that the company is relying more on debt financing, which can increase financial risk.
The trend shows an increase in the ratio from the lowest point in December 2021 to the peak in September 2024. This could signify a shift towards more debt financing or a decrease in equity, potentially indicating a more leveraged position. A higher ratio may imply increased financial leverage, while a lower ratio may signal a lower level of debt relative to equity.
It would be prudent for stakeholders to closely monitor the company's debt levels and assess the impact on profitability and financial stability. Additionally, understanding the reasons behind the changes in the debt-to-equity ratio can provide insights into Crescent Energy Co's financial strategy and risk management practices.
Peer comparison
Sep 30, 2024