Expand Energy Corporation (EXE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.31 | 1.31 | 1.31 | 1.34 | 1.39 | 1.39 | 1.42 | 1.70 | 2.22 | 2.39 | 2.47 | 1.94 | 2.41 | 2.05 | 1.78 | — | — | — | — | 3.71 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,392,000K ÷ $10,188,000K
= 1.31
The financial leverage ratio of Expand Energy Corporation has shown some fluctuations over the past few quarters. The ratio was relatively stable around 1.31 from September 2024 to March 2024, indicating a moderate level of financial leverage during that period. However, there was a slight increase to 1.34 in December 2023, followed by a more significant rise to 1.39 in September 2023 and a further increase to 1.42 in March 2023.
The financial leverage ratio then spiked to 1.70 in December 2022, reflecting a higher level of leverage compared to previous quarters. Subsequently, the ratio experienced a substantial increase to 2.22 in September 2022, and continued to rise to 2.39 in June 2022 and 2.47 in March 2022, indicating a significant increase in financial leverage during that period.
There was a notable decrease in the financial leverage ratio to 1.94 in December 2021, followed by a fluctuation in the ratio during the first half of 2021. The ratio peaked at 2.41 in September 2021 before declining to 1.78 in March 2021. The ratio increased again to 2.05 in June 2021, and then declined to 1.78 in March 2021.
The financial leverage ratio data for earlier periods is not available, except for December 2019 where the ratio was notably high at 3.71.
Overall, the trend in Expand Energy Corporation's financial leverage ratio indicates fluctuations in the company's level of financial leverage over the analyzed period, with periods of high and moderate leverage. It would be important to further analyze the company's debt levels and financial structure to understand the reasons behind these fluctuations and their potential impact on the company's financial health.
Peer comparison
Sep 30, 2024