Crescent Energy Co (CRGY)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 6,803,340 | 6,019,850 | 5,157,460 |
| Total stockholders’ equity | US$ in thousands | 3,635,720 | 3,298,990 | 3,019,660 |
| Financial leverage ratio | 1.87 | 1.82 | 1.71 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,803,340K ÷ $3,635,720K
= 1.87
The financial leverage ratio of Crescent Energy Co has been gradually increasing over the past three years. The ratio was 1.71 at the end of 2021, 1.82 at the end of 2022, and further increased to 1.87 at the end of 2023. This indicates that the company's reliance on debt to finance its operations and growth has been on the rise. A higher financial leverage ratio typically suggests higher financial risk, as the company has more debt in its capital structure compared to equity. It is essential for investors and stakeholders to closely monitor Crescent Energy Co's financial leverage ratio to assess the company's ability to manage its debt levels and financial obligations effectively.
Peer comparison
Dec 31, 2023