Coterra Energy Inc (CTRA)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,586,000	1,592,000	2,171,000	2,176,000	2,181,000	2,188,000	2,981,000	3,090,000	3,125,000	946,509	946,316	946,123	946,000	973,712	1,045,500	1,045,260	1,133,020	1,132,790	1,219,560	1,219,340
Total assets	US$ in thousands	20,415,000	20,101,000	19,879,000	20,139,000	20,154,000	20,305,000	20,647,000	20,327,000	19,900,000	4,730,700	4,610,570	4,550,850	4,524,000	4,419,300	4,527,870	4,522,180	4,487,240	4,442,660	4,563,730	4,481,550
Debt-to-assets ratio		0.08	0.08	0.11	0.11	0.11	0.11	0.14	0.15	0.16	0.20	0.21	0.21	0.21	0.22	0.23	0.23	0.25	0.25	0.27	0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,586,000K ÷ $20,415,000K
= 0.08

The debt-to-assets ratio of Coterra Energy Inc has remained consistent at 0.11 for the past four quarters in 2023, indicating that the company maintains a low level of debt relative to its total assets. This stability suggests that Coterra Energy Inc has effectively managed its debt levels while maintaining a strong asset base. However, a slight increase in the ratio was noted in the second and first quarters of 2022, where it stood at 0.15, potentially indicating increased debt relative to assets during that period. Overall, the company's consistent low debt-to-assets ratio in 2023 reflects a sound financial position with manageable levels of debt.