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	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
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	1,515,700	1,626,870	1,030,410
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	2,788,720	2,608,040	3,019,660
Debt-to-equity ratio		0.77	0.67	0.49	0.47	0.54	0.38	0.35	0.38	0.42	0.54	0.62	0.34

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.