EOG Resources Inc (EOG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 47,186,000 | 43,857,000 | 41,371,000 | 38,236,000 | 35,804,600 |
| Total stockholders’ equity | US$ in thousands | 29,351,000 | 28,090,000 | 24,779,000 | 22,180,000 | 20,301,900 |
| Financial leverage ratio | 1.61 | 1.56 | 1.67 | 1.72 | 1.76 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $47,186,000K ÷ $29,351,000K
= 1.61
The financial leverage ratio of EOG Resources Inc has shown a slight downward trend from 1.76 in 2020 to 1.61 in 2024. This indicates that the company's reliance on debt to finance its operations has been gradually decreasing over the years. A decreasing financial leverage ratio can be seen as a positive sign as it suggests a lower level of financial risk and greater financial stability for the company. EOG Resources Inc appears to be managing its debt levels effectively, which could potentially lead to improved financial performance and shareholder value in the long run.
Peer comparison
Dec 31, 2024