EOG Resources Inc (EOG)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 47,186,000 | 43,857,000 | 41,371,000 | 38,236,000 | 35,804,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $47,186,000K
= 0.00
Based on the data provided, EOG Resources Inc has maintained a consistent debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, implying a lower financial risk and potentially stronger financial position. It also indicates that EOG Resources Inc may have a conservative approach to capital structure and may prioritize maintaining a strong balance sheet with minimal leverage. Investors and stakeholders may view this low debt-to-assets ratio favorably, as it implies a lower level of financial leverage and interest expense, potentially leading to greater financial stability and flexibility for the company.
Peer comparison
Dec 31, 2024