Crescent Energy Co (CRGY)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	3,139,630	2,859,930	2,120,100	1,970,810	1,704,820	1,601,750	1,457,880	901,511	848,113	844,922	615,257	418,374	682,209	2,165,260	2,337,660	2,554,880
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,139,630K
= 0.00

Crescent Energy Co has consistently maintained a debt-to-equity ratio of 0.00 throughout the reported periods from March 31, 2021, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth, relying solely on equity for its capital structure.

A debt-to-equity ratio of 0.00 signifies that the company's total debt is either non-existent or very minimal compared to its equity. This may suggest that Crescent Energy Co has a conservative financial management approach, avoiding excessive leverage and the associated risks of high debt levels.

The stability of the debt-to-equity ratio at 0.00 over multiple periods could imply that the company has a strong financial position and may be capable of generating sufficient internal funds to support its activities without the need for external borrowing.

Overall, based on the consistent and low debt-to-equity ratio, Crescent Energy Co appears to have a financially sound and relatively low-risk capital structure, which could be attractive to investors and creditors seeking companies with conservative financial policies.