Hess Corporation (HES)
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 | 26,551,000 | 24,007,000 | 21,729,000 | 20,515,000 | 18,821,000 |
| 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 ÷ $26,551,000K
= 0.00
The debt-to-assets ratio for Hess Corporation has been consistently reported as 0.00% for the years ending on December 31, from 2020 to 2024. This indicates that the company has not utilized any debt financing to acquire assets during this period. A debt-to-assets ratio of 0.00% suggests that all assets of the company are financed through equity or other non-debt sources, implying a lower risk of financial distress due to debt obligations. However, it is essential to note that a very low debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially optimize capital structure and reduce the overall cost of capital. Further analysis of Hess Corporation's financial strategy and risk management practices would provide additional insights into their capital structure decisions.
Peer comparison
Dec 31, 2024