EOG Resources Inc (EOG)

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	3,765,000	3,772,000	3,780,000	3,787,000	3,795,000	3,802,000	3,809,000	3,816,000	5,072,000	5,079,000	5,086,000	5,094,000	5,035,000	4,949,900	5,703,140	4,703,150	4,160,920	4,163,120	4,165,280	5,166,050
Total assets	US$ in thousands	43,857,000	43,647,000	41,487,000	41,025,000	41,371,000	40,487,000	38,139,000	38,097,000	38,236,000	37,172,000	36,885,000	36,171,000	35,805,000	35,074,000	35,221,700	37,634,100	37,125,000	36,542,300	35,751,500	35,663,500
Debt-to-assets ratio		0.09	0.09	0.09	0.09	0.09	0.09	0.10	0.10	0.13	0.14	0.14	0.14	0.14	0.14	0.16	0.12	0.11	0.11	0.12	0.14

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,765,000K ÷ $43,857,000K
= 0.09

Based on the data provided for EOG Resources, Inc., the debt-to-assets ratio has remained relatively stable over the past eight quarters. The ratio has consistently been in the range of 0.09 to 0.13, indicating that the company has maintained a conservative approach towards financing its operations with debt. A lower debt-to-assets ratio suggests that the company is relying more on equity to fund its operations and investments, which may be viewed positively by investors as it signifies a lower level of financial risk. EOG Resources' consistent low debt levels compared to its total assets demonstrate a strong financial position and efficient capital management. Overall, the trend in the debt-to-assets ratio for EOG Resources, Inc. reflects a prudent financial management strategy.