Comstock Resources Inc (CRK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,241,020 | 2,295,270 | 2,320,320 | 2,445,960 | 2,358,410 | 2,282,760 | 2,300,190 | 2,380,180 | 2,278,310 | 1,794,420 | 1,446,280 | 1,073,520 | 1,187,780 | 830,281 | 1,122,410 | 1,304,990 | 1,441,770 | 1,362,680 | 1,317,500 | 1,556,480 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,241,020K)
= 0.00
The debt-to-capital ratio of Comstock Resources Inc has remained consistently at 0.00% for multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not been reliant on debt to finance its operations and investments relative to its total capital, which includes both debt and equity. A low or zero debt-to-capital ratio suggests that the company may have a strong financial position and low financial risk, as it is not highly leveraged. However, it is important to consider the industry norms and the company's specific financial strategy when interpreting this ratio, as different industries may have varying levels of acceptable leverage.
Peer comparison
Dec 31, 2024