Coterra Energy Inc (CTRA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,535,000 | 1,586,000 | 2,181,000 | 3,125,000 | 946,000 |
| Total assets | US$ in thousands | 21,625,000 | 20,415,000 | 20,154,000 | 19,900,000 | 4,524,000 |
| Debt-to-assets ratio | 0.16 | 0.08 | 0.11 | 0.16 | 0.21 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,535,000K ÷ $21,625,000K
= 0.16
The debt-to-assets ratio for Coterra Energy Inc has shown a declining trend over the past five years, decreasing from 0.21 in December 31, 2020, to 0.16 in December 31, 2021, further dropping to 0.11 in December 31, 2022, and down to 0.08 in December 31, 2023. However, there was a slight increase to 0.16 in December 31, 2024.
This trend indicates that Coterra Energy Inc has been effectively managing its debt relative to its assets, becoming more financially stable and potentially less risky to creditors. A decreasing debt-to-assets ratio typically suggests that the company has either paid down its debt obligations, increased its asset base, or a combination of both.
Overall, the decreasing trend in the debt-to-assets ratio for Coterra Energy Inc is a positive sign of improved financial health and stability. It suggests that the company has been prudent in managing its debt levels in relation to its total assets over the specified period.
Peer comparison
Dec 31, 2024