EOG Resources Inc (EOG)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,765,000 | 3,795,000 | 5,072,000 | 5,035,000 | 4,160,920 |
| Total stockholders’ equity | US$ in thousands | 28,090,000 | 24,779,000 | 22,180,000 | 20,302,000 | 21,640,000 |
| Debt-to-equity ratio | 0.13 | 0.15 | 0.23 | 0.25 | 0.19 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,765,000K ÷ $28,090,000K
= 0.13
The debt-to-equity ratio of EOG Resources, Inc. has shown a declining trend over the past five years, indicating a strengthening financial position in terms of the company's capital structure. The ratio decreased from 0.24 in 2019 to 0.14 in 2023, reflecting a significant reduction in the company's reliance on debt financing relative to shareholder equity. This decreasing trend suggests that EOG Resources has been effectively managing its debt levels and improving its overall financial health. The lower ratio indicates that the company has a lower level of debt in relation to its equity, which can signify a lower financial risk and better ability to meet financial obligations. Overall, the decreasing debt-to-equity ratio for EOG Resources, Inc. demonstrates a positive trend towards a more balanced and sustainable capital structure.
Peer comparison
Dec 31, 2023