EOG Resources Inc (EOG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 29,351,000 | 29,574,000 | 29,159,000 | 28,636,000 | 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 | 20,301,900 | 20,148,300 | 20,387,600 | 21,470,700 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $29,351,000K
= 0.00
The debt-to-equity ratio for EOG Resources Inc has consistently been 0.00 over the period from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This suggests that EOG Resources Inc relies mainly on equity financing to fund its operations and growth rather than taking on debt.
Having a low or zero debt-to-equity ratio can be seen as positive as it signifies lower financial risk and a strong financial position. It indicates that the company is not heavily reliant on borrowed funds to finance its operations, which can be advantageous in times of economic downturns or market uncertainties.
However, it is essential to consider the industry norms and the company's specific circumstances when evaluating the significance of a zero debt-to-equity ratio. Overall, a consistent zero debt-to-equity ratio for EOG Resources Inc reflects a conservative financial strategy with a focus on maintaining a healthy balance sheet and financial stability.
Peer comparison
Dec 31, 2024