Coterra Energy Inc (CTRA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	13,039,000	12,789,000	12,659,000	12,643,000	12,659,000	12,659,000	12,191,000	11,718,000	11,738,000	2,327,000	2,300,000	2,306,000	2,216,000	2,118,490	2,165,980	2,168,400	2,151,000	2,213,580	2,344,800	2,320,940
Debt-to-capital ratio		0.11	0.11	0.15	0.15	0.15	0.15	0.20	0.21	0.21	0.29	0.29	0.29	0.30	0.31	0.33	0.33	0.35	0.34	0.34	0.34

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,586,000K ÷ ($1,586,000K + $13,039,000K)
= 0.11

The debt-to-capital ratio of Coterra Energy Inc has shown consistency around the 0.15 level during Q4 2023 to Q1 2023, slightly decreasing from 0.21 in Q1 2022. This indicates that the company maintains a relatively low level of debt compared to its total capital structure, which consists of both debt and equity. A lower debt-to-capital ratio suggests lower financial risk and dependency on debt financing, which can be viewed positively by investors and lenders as it implies a more stable financial position. Overall, Coterra Energy Inc's consistent debt-to-capital ratio over recent quarters demonstrates a prudent capital structure management approach.