Crescent Energy Co (CRGY)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.35 | 0.32 | 0.26 | 0.25 | 0.27 | 0.22 | 0.20 | 0.21 | 0.22 | 0.24 | 0.26 | 0.20 |
| Debt-to-capital ratio | 0.43 | 0.40 | 0.33 | 0.32 | 0.35 | 0.27 | 0.26 | 0.27 | 0.30 | 0.35 | 0.38 | 0.25 |
| 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 |
| Financial leverage ratio | 2.20 | 2.09 | 1.92 | 1.87 | 1.99 | 1.75 | 1.73 | 1.82 | 1.91 | 2.25 | 2.37 | 1.71 |
Crescent Energy Co's solvency ratios have shown some fluctuation over the past few quarters. The debt-to-assets ratio has ranged between 0.20 to 0.35, indicating that the company's debt levels relative to its total assets have been moderate and stable overall.
Similarly, the debt-to-capital ratio has varied between 0.25 to 0.43, demonstrating the proportion of debt in the company's capital structure. The fluctuations in this ratio suggest changes in the company's leverage position and its ability to meet financial obligations through debt financing.
The debt-to-equity ratio, ranging from 0.34 to 0.77, reveals the company's reliance on debt financing in relation to its equity. The ratio has shown volatility, indicating changes in the capital structure and financial risk.
The financial leverage ratio has fluctuated between 1.71 to 2.37, reflecting the company's overall debt levels relative to its equity. The varying levels of financial leverage suggest changes in the company's risk profile and ability to cover interest payments.
In summary, Crescent Energy Co's solvency ratios have displayed fluctuations over the recent quarters, indicating changes in the company's capital structure, debt levels, and financial risk. It is important for the company to effectively manage its debt obligations and maintain a balanced capital structure to ensure long-term financial stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.28 | 1.29 | 0.91 | 1.62 | 1.21 | 3.24 | 3.91 | 2.39 | 2.26 |
Interest coverage is a financial ratio that measures a company's ability to pay interest expenses on its outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense.
Looking at Crescent Energy Co's interest coverage ratio over the past nine quarters, we can see some fluctuations in the company's ability to cover its interest expenses.
In the most recent quarter ended September 30, 2024, the interest coverage ratio was 1.28, indicating that the company generated 1.28 times the amount needed to cover its interest expenses. This suggests that the company may have some difficulty meeting its interest obligations with its current level of earnings.
In the preceding quarter ended June 30, 2024, the interest coverage ratio was slightly higher at 1.29, but still relatively close to the minimum acceptable level of 1.0. This implies that the company's ability to pay interest charges has not improved significantly.
Comparing these ratios with historical data, we can see that the interest coverage ratio has varied widely over the past two years, with a high of 3.91 in the quarter ended March 31, 2023, and a low of 0.91 in the quarter ended March 31, 2024.
Overall, Crescent Energy Co's interest coverage ratios indicate that the company may be experiencing some challenges in meeting its interest obligations, as the ratios have been relatively low and fluctuating. It is important for the company to closely monitor its earnings and interest expenses to ensure its financial stability and ability to meet its debt obligations.