Comstock Resources Inc (CRK)

Financial leverage ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	6,253,620	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	4,657,120	4,552,310	2,282,900	2,221,890
Total stockholders’ equity	US$ in thousands	2,358,410	2,282,760	2,300,190	2,380,180	2,278,310	1,619,420	1,271,280	898,517	1,012,780	655,281	947,410	1,129,990	1,266,770	1,187,680	1,317,500	1,174,390	1,143,020	1,070,200	605,824	583,794
Financial leverage ratio		2.65	2.64	2.54	2.40	2.50	3.45	4.16	5.29	4.61	7.46	5.03	4.19	3.65	3.79	3.44	3.95	4.07	4.25	3.77	3.81

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,253,620K ÷ $2,358,410K
= 2.65

Comstock Resources, Inc.'s financial leverage ratio has shown a declining trend over the past four quarters, having decreased from 4.42 in Q1 2022 to 2.40 in Q1 2023. This indicates an improvement in the company's ability to meet its financial obligations with a lower reliance on debt financing. However, the ratio slightly increased in Q2 and Q3 of 2023 before dropping again in Q4 2023. The current ratio of 2.65 suggests that the company has $2.65 of debt for every dollar of equity, which indicates a moderate level of financial leverage. It is important to continue monitoring this ratio to ensure that the company maintains a healthy balance between debt and equity in its capital structure.