Comstock Resources Inc (CRK)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,382,100 | 6,253,620 | 5,694,260 | 4,668,230 | 4,623,980 |
| Total stockholders’ equity | US$ in thousands | 2,241,020 | 2,358,410 | 2,278,310 | 1,187,780 | 1,441,770 |
| Financial leverage ratio | 2.85 | 2.65 | 2.50 | 3.93 | 3.21 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,382,100K ÷ $2,241,020K
= 2.85
The financial leverage ratio of Comstock Resources Inc has shown some fluctuations over the years. As of December 31, 2020, the ratio stood at 3.21, indicating a moderate level of leverage. By December 31, 2021, the ratio had increased to 3.93, suggesting a higher degree of financial leverage.
However, there was a notable decrease in the financial leverage ratio to 2.50 by December 31, 2022. This reduction indicates a potentially lower reliance on debt to finance the company's operations. Over the next two years, the ratio slightly increased to 2.65 by December 31, 2023, and then to 2.85 by December 31, 2024.
Overall, the trend in the financial leverage ratio of Comstock Resources Inc reflects some variability in the company's capital structure and debt levels over the years, with a general downward trend in recent years. It is crucial for investors and stakeholders to monitor these fluctuations in leverage to assess the company's risk profile and financial health effectively.
Peer comparison
Dec 31, 2024