EOG Resources Inc (EOG)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	29,351,000	28,090,000	24,779,000	22,180,000	20,301,900
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $29,351,000K)
= 0.00

The debt-to-capital ratio of EOG Resources Inc has consistently remained at 0.00 over the past five years from December 31, 2020, to December 31, 2024. This indicates that the company does not have any significant debt in relation to its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company relies more on equity financing rather than debt financing to fund its operations and investments. This can be a favorable sign for investors and creditors as it suggests lower financial risk and potentially greater financial stability for the company.