Expand Energy Corporation (EXE)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,017,000 | 2,021,000 | 2,025,000 | 2,028,000 | 2,032,000 | 2,036,000 | 2,040,000 | 3,093,000 | 2,717,000 | 3,046,000 | 2,774,000 | 2,278,000 | 1,259,000 | 1,261,000 | 1,262,000 | 0 | 0 | 0 | 9,163,000 | 9,073,000 |
| Total assets | US$ in thousands | 13,392,000 | 13,608,000 | 14,018,000 | 14,376,000 | 14,248,000 | 14,429,000 | 14,591,000 | 15,468,000 | 14,089,000 | 13,899,000 | 13,293,000 | 11,009,000 | 7,326,000 | 6,999,000 | 6,904,000 | 6,584,000 | 6,903,000 | 6,553,000 | 7,808,000 | 16,193,000 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.20 | 0.19 | 0.22 | 0.21 | 0.21 | 0.17 | 0.18 | 0.18 | 0.00 | 0.00 | 0.00 | 1.17 | 0.56 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,017,000K ÷ $13,392,000K
= 0.15
The debt-to-assets ratio of Expand Energy Corporation has been relatively stable over the past few quarters, fluctuating between 0.14 to 0.22. A lower debt-to-assets ratio indicates that the company relies less on debt to finance its operations and has a greater proportion of assets funded by equity. In the most recent quarter, the ratio was 0.15, suggesting that the company maintains a conservative level of debt relative to its total assets.
However, it is important to note the significant increase in the debt-to-assets ratio from 0.00 in the last quarter of 2020 to 1.17 in the first quarter of 2021, which could indicate a substantial increase in debt relative to assets during that period. This spike is a cause for concern and warrants further investigation into the company's financial health and debt management strategies during that period.
Overall, Expand Energy Corporation's debt-to-assets ratio shows a generally prudent approach to debt management, with the recent fluctuations highlighting the importance of ongoing monitoring and analysis of the company's financial leverage.
Peer comparison
Sep 30, 2024