Diamondback Energy Inc (FANG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 67,292,000 | 29,001,000 | 26,209,000 | 22,898,000 | 17,619,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $67,292,000K
= 0.00
The debt-to-assets ratio of Diamondback Energy Inc has consistently been 0.00 over the past five years, from December 31, 2020, through December 31, 2024. This indicates that the company has not taken on any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically reflects a low-risk financial position, as it suggests that the company's assets are primarily funded through equity rather than debt financing. In this case, investors and creditors may view Diamondback Energy Inc favorably due to its strong financial stability and potentially lower financial risk compared to companies with higher debt levels. However, it is also important to consider other financial metrics and operational factors when evaluating the overall financial health and performance of the company.
Peer comparison
Dec 31, 2024