EOG Resources Inc (EOG)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 47,186,000 | 46,151,000 | 45,224,000 | 44,796,000 | 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 | 35,804,600 | 35,074,000 | 35,221,700 | 37,634,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 provided data, EOG Resources Inc has consistently maintained a debt-to-assets ratio of 0.00 over multiple quarters from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during these periods. This suggests that EOG Resources Inc has been able to finance its operations primarily through equity and retained earnings rather than debt financing. A low or zero debt-to-assets ratio can be viewed positively as it signifies a low financial risk and strong financial health, as the company is not heavily reliant on borrowed funds to support its operations or expansion. Overall, a consistent zero debt-to-assets ratio demonstrates EOG Resources Inc's conservative approach to debt management and its ability to maintain a strong balance sheet position.
Peer comparison
Dec 31, 2024