Diamondback Energy Inc (FANG)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	37,736,000	37,429,000	17,448,000	16,950,000	16,625,000	16,280,000	15,554,000	15,464,000	15,009,000	13,843,000	13,316,000	12,743,000	12,088,000	11,483,000	8,794,000	10,673,000	8,794,000	9,552,000	10,714,000	12,826,000
Financial leverage ratio		1.78	1.76	2.04	1.75	1.74	1.72	1.77	1.78	1.75	1.72	1.76	1.83	1.89	1.97	2.00	2.06	2.00	1.96	1.90	1.82

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $67,292,000K ÷ $37,736,000K
= 1.78

Diamondback Energy Inc's financial leverage ratio has been fluctuating over the past few years. The ratio started at 1.82 on March 31, 2020, indicating that the company had $1.82 of debt for every dollar of equity. The ratio increased steadily, reaching a peak of 2.06 on March 31, 2021, before fluctuating downwards to 1.72 on September 30, 2023.

Overall, the trend shows some volatility in the company's leverage, with peaks and troughs observed over the period. This suggests that Diamondback Energy Inc has been managing its debt levels relative to its equity in a dynamic manner. Investors and analysts may want to closely monitor the trend in the financial leverage ratio to assess the company's capital structure and risk profile.