EOG Resources Inc (EOG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 28,090,000 | 27,758,000 | 26,257,000 | 25,447,000 | 24,779,000 | 23,849,000 | 22,312,000 | 21,540,000 | 22,180,000 | 21,765,000 | 20,881,000 | 20,762,000 | 20,302,000 | 20,148,300 | 20,387,600 | 21,470,700 | 21,640,000 | 21,124,300 | 20,630,300 | 19,903,800 |
| Debt-to-equity ratio | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | 0.18 | 0.23 | 0.23 | 0.24 | 0.25 | 0.25 | 0.25 | 0.28 | 0.22 | 0.19 | 0.20 | 0.20 | 0.26 |
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 eight quarters, indicating a relatively conservative financial structure. The ratio was at 0.14 in both Q4 2023 and Q3 2023, demonstrating that the company has been maintaining a stable balance between debt and equity. This suggests that EOG Resources has been managing its debt levels effectively while ensuring a healthy equity position.
Comparing the current ratio to previous quarters, there has been a gradual decrease from 0.20 in Q4 2022 to 0.14 in Q4 2023. This decline indicates that EOG Resources has been reducing its reliance on debt financing over time, which could be viewed positively by investors and creditors. The decreasing trend also reflects a strengthening equity position relative to the debt levels, signaling improved financial stability and potentially lower financial risk.
Overall, the consistent decrease in the debt-to-equity ratio of EOG Resources, Inc. over the past quarters suggests a prudent approach to capital structure management, indicating a healthy financial position and sustainable growth prospects for the company.
Peer comparison
Dec 31, 2023