EOG Resources Inc (EOG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $29,351,000K
= 0.00
Based on the data provided for EOG Resources Inc, the debt-to-equity ratio has been consistently at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This implies that the company has no debt in its capital structure relative to its equity during these years. A debt-to-equity ratio of 0.00 indicates that the company is funding its operations and investments primarily through equity financing rather than relying on debt. This may suggest a conservative financial approach and a lower financial risk for the company, as it does not have significant debt obligations to service.
Peer comparison
Dec 31, 2024