Coterra Energy Inc (CTRA)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	3,535,000	2,066,000	2,071,000	2,076,000	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
Total assets	US$ in thousands	21,625,000	20,126,000	20,764,000	20,953,000	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
Debt-to-assets ratio		0.16	0.10	0.10	0.10	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

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 of Coterra Energy Inc has been gradually decreasing over the past five years, indicating a positive trend in the company's financial leverage and risk management. As of December 31, 2024, the ratio stands at 0.16, which means that for every dollar of assets the company owns, it has $0.16 of debt.

This decreasing trend suggests that Coterra Energy Inc has been reducing its reliance on debt financing relative to its total assets. A lower debt-to-assets ratio often signals improved financial health and stability, as it shows that the company has a smaller proportion of its assets financed through debt.

Overall, the declining debt-to-assets ratio is a positive indication of Coterra Energy Inc's ability to manage its debt levels effectively and maintain a stronger financial position.