EOG Resources Inc (EOG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Based on the provided data for EOG Resources Inc, the solvency ratios demonstrate a consistently strong financial position over the analyzed periods.
1. Debt-to-assets ratio: EOG Resources Inc consistently maintains a debt-to-assets ratio of 0.00, indicating that the company has no debt in relation to its total assets. This signifies a low-risk profile and a healthy balance sheet structure.
2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio remains at 0.00 throughout the periods assessed. This ratio reflects the proportion of the company's capital that is financed through debt, and EOG Resources Inc's consistent 0.00 ratio indicates an absence of debt in its capital structure.
3. Debt-to-equity ratio: The debt-to-equity ratio also stays at 0.00 consistently, demonstrating that EOG Resources Inc relies entirely on equity to finance its operations without any debt obligations. This further underscores the company's strong solvency position and financial stability.
4. Financial leverage ratio: The financial leverage ratio, which assesses the extent of a company's funding through debt, shows a decreasing trend over time. The ratio starts at 1.75 in March 2020 and declines gradually to 1.61 by March 2023, before slightly increasing to 1.61 by December 2024. Despite the slight uptick in the final period, the decreasing trend overall suggests that the company is reducing its reliance on debt financing over time.
In conclusion, EOG Resources Inc's solvency ratios, including debt-to-assets, debt-to-capital, debt-to-equity, and financial leverage ratios, consistently depict a robust financial position with minimal debt exposure and prudent capital structure management. This indicates a stable and sustainable financial outlook for the company.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 60.65 | 68.73 | 69.34 | 68.58 | 66.47 | 65.29 | 69.84 | 69.69 | 55.68 | 55.14 | 41.01 | 32.01 | 34.33 | 22.25 | 15.00 | 3.74 | 1.33 | 2.98 | 6.97 | 19.55 |
The interest coverage ratio is a financial metric that indicates a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio implies that the company is more capable of meeting its interest obligations.
Based on the provided data for EOG Resources Inc, the interest coverage ratio has fluctuated over the past few years. As of December 31, 2024, the interest coverage ratio stood at 60.65, indicating that the company's operating income was 60.65 times larger than its interest expenses for that period. This suggests a strong ability to cover interest costs.
Analyzing the trend over the quarters, we observe fluctuations in the interest coverage ratio. There was a significant decline in the ratio from March 31, 2022, to December 31, 2022, but the ratio started to increase again from March 31, 2023, onwards, reaching a peak of 69.84 on June 30, 2023.
Overall, the interest coverage ratio for EOG Resources Inc has shown volatility but has generally demonstrated an improving trend, indicating the company's ability to manage its interest payments effectively and potentially signaling financial stability and strength. It is essential to continue monitoring this ratio to assess the company's financial health and ability to meet its debt obligations.