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.
Peer comparison
Dec 31, 2023