Expand Energy Corporation (EXE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,188,000 | 10,370,000 | 10,682,000 | 10,729,000 | 10,268,000 | 10,396,000 | 10,283,000 | 9,124,000 | 6,347,000 | 5,808,000 | 5,383,000 | 5,671,000 | 3,038,000 | 3,413,000 | 3,881,000 | -5,341,000 | -4,940,000 | -4,209,000 | -3,945,000 | 4,364,000 |
| Debt-to-capital ratio | 0.17 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.25 | 0.30 | 0.34 | 0.34 | 0.29 | 0.29 | 0.27 | 0.25 | — | — | — | 1.76 | 0.68 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,017,000K ÷ ($2,017,000K + $10,188,000K)
= 0.17
The debt-to-capital ratio of Expand Energy Corporation has shown some fluctuations over the past few quarters. Generally, the company has maintained a moderate level of debt relative to its capital structure. The ratio has ranged between 0.16 to 0.34 for most of the last few quarters, indicating a balanced mix of debt and equity financing.
However, there was a notable spike in the debt-to-capital ratio in the fourth quarter of 2019, where it reached a significant high of 1.76. This may raise concerns about the company's leverage and financial risk during that period. It is important to investigate the reasons behind this sudden increase and assess whether it was a one-time event or a concerning trend.
Overall, the recent trend of the debt-to-capital ratio hovering around 0.16 to 0.34 suggests that Expand Energy Corporation has been managing its debt levels reasonably well, but periodic spikes should be closely monitored to ensure the company's financial stability and sustainability.
Peer comparison
Sep 30, 2024