Diamondback Energy Inc (FANG)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 67,292,000 | 65,747,000 | 35,637,000 | 29,690,000 | 29,001,000 | 28,049,000 | 27,587,000 | 27,589,000 | 26,209,000 | 23,843,000 | 23,448,000 | 23,331,000 | 22,898,000 | 22,639,000 | 17,619,000 | 21,996,000 | 17,619,000 | 18,760,000 | 20,337,000 | 23,386,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Diamondback Energy Inc has consistently maintained a debt-to-assets ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. This steady ratio indicates that the company's level of debt relative to its total assets is minimal or non-existent. A debt-to-assets ratio of 0.00 typically suggests that the company is primarily financed by equity rather than debt, showcasing a strong financial position in terms of leverage and solvency. Diamondback Energy Inc's ability to operate with minimal debt obligations may provide it with greater financial flexibility, lower interest expenses, and reduced financial risk in the long term.
Peer comparison
Dec 31, 2024