Expand Energy Corporation (EXE)
Debt-to-equity 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-equity ratio | 0.20 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.34 | 0.43 | 0.52 | 0.52 | 0.40 | 0.41 | 0.37 | 0.33 | — | — | — | — | 2.08 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,017,000K ÷ $10,188,000K
= 0.20
The debt-to-equity ratio of Expand Energy Corporation has shown a decreasing trend over the past few quarters from 0.52 in the first quarter of 2022 to 0.19 in the most recent quarter of September 2024. This indicates that the company has been reducing its reliance on debt as a source of financing relative to its equity. The significant decrease from 0.52 to 0.40 in the fourth quarter of 2021 suggests a notable shift in the company's capital structure. The ratio remained relatively stable around 0.20 from the third quarter of 2023 to the second quarter of 2024, indicating a consistent debt-to-equity mix during that period.
It is important to note that there was a significant spike in the debt-to-equity ratio to 2.08 in the fourth quarter of 2019, which could be a cause for concern as it indicates a high level of debt relative to equity at that time. However, since then, the company has made efforts to bring this ratio down, reflecting a more balanced financial position.
Overall, the decreasing trend in the debt-to-equity ratio signals that Expand Energy Corporation has been managing its debt levels effectively and moving towards a healthier capital structure with a lower reliance on debt financing. Investors and stakeholders may view this trend positively as it indicates improved financial stability and reduced risk of financial distress due to excessive debt burden.
Peer comparison
Sep 30, 2024