Crescent Energy Co (CRGY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 2.97 | 3.23 | 3.53 | 3.45 | 3.99 | 4.36 | 4.22 | 6.78 | 7.10 | 7.37 | 10.20 | 14.76 | 7.56 | 1.73 | 1.61 | 1.52 |
Based on the provided data, Crescent Energy Co has consistently maintained a strong solvency position with low debt levels relative to its assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 over the observation period, indicating that the company operates with minimal debt compared to its total assets and financial resources.
Additionally, the financial leverage ratio, which provides a broader view of the company's debt management, shows a decreasing trend from a high of 14.76 in March 31, 2022, to a low of 2.97 in December 31, 2024. This declining trend signifies that Crescent Energy Co has been actively reducing its financial leverage and reliance on debt financing over time.
Overall, Crescent Energy Co's solvency ratios suggest a conservative capital structure and a prudent approach to managing its debt levels, which contributes to the company's financial stability and long-term viability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.28 | 2.10 | 1.38 | 1.39 | 3.39 | 2.86 | 9.62 | 12.24 | 6.42 | 8.90 | -0.71 | -10.49 | -7.40 | -17.36 | -36.57 | -22.83 |
Crescent Energy Co's interest coverage ratio, as reflected in the provided data, shows a volatile trend over the observation period. The interest coverage ratio measures a company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT).
From March 31, 2021, to December 31, 2023, Crescent Energy Co's interest coverage remained consistently negative, indicating that the company's EBIT was insufficient to cover its interest expenses during this period. Negative interest coverage ratios typically raise concerns about the company's financial health and its ability to handle its debt obligations.
Starting from the March 31, 2024, period, Crescent Energy Co's interest coverage ratio turns positive, indicating that the company's EBIT has improved sufficiently to cover its interest expenses. However, the interest coverage ratio still remains relatively low, suggesting that the company's financial situation may still be delicate.
Overall, the fluctuating interest coverage ratios highlight the financial instability of Crescent Energy Co over the observed period, with a prolonged period of negative coverage followed by a gradual improvement. It would be essential for investors and stakeholders to monitor this ratio closely to assess the company's financial viability and debt repayment capabilities.