Comstock Resources Inc (CRK)
Debt-to-assets 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,382,100 | 6,313,010 | 6,324,520 | 6,317,240 | 6,469,400 | 6,031,110 | 5,836,730 | 5,700,880 | 5,694,260 | 5,584,360 | 5,288,190 | 4,749,700 | 4,668,230 | 4,887,140 | 4,764,250 | 4,735,150 | 4,623,980 | 4,502,850 | 4,533,420 | 4,643,740 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,382,100K
= 0.00
The debt-to-assets ratio for Comstock Resources Inc has consistently remained at 0.00 since March 31, 2020, through December 31, 2024. This indicates that the company's total debt is negligible compared to its total assets over this period. A debt-to-assets ratio of 0.00 suggests that the company's financial structure is primarily equity-financed rather than relying significantly on borrowed funds. This can be viewed positively as it indicates a lower financial risk for the company, as there is no significant debt burden impacting its asset base. However, it's important to consider other financial metrics alongside the debt-to-assets ratio to gain a comprehensive understanding of Comstock Resources Inc's overall financial health and risk profile.
Peer comparison
Dec 31, 2024