EOG Resources Inc (EOG)

Financial leverage 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
Total assets	US$ in thousands	47,186,000	46,151,000	45,224,000	44,796,000	43,857,000	43,647,000	41,487,000	41,025,000	41,371,000	40,487,000	38,139,000	38,097,000	38,236,000	37,172,000	36,885,000	36,171,000	35,804,600	35,074,000	35,221,700	37,634,100
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
Financial leverage ratio		1.61	1.56	1.55	1.56	1.56	1.57	1.58	1.61	1.67	1.70	1.71	1.77	1.72	1.71	1.77	1.74	1.76	1.74	1.73	1.75

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 fluctuation over the past few years, ranging from 1.55 to 1.77. The ratio measures the proportion of the company's total assets that are financed by debt as opposed to equity.

EOG Resources Inc's financial leverage ratio has generally remained within a stable range, indicating a relatively balanced capital structure. The decreasing trend observed in the most recent periods may suggest a reduction in the company's dependence on debt to fund its operations.

It is essential to continue monitoring the financial leverage ratio to ensure that the company maintains a healthy balance between debt and equity financing, which is crucial for long-term financial stability and sustainability.