Hess Corporation (HES)
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 | 26,551,000 | 26,233,000 | 25,810,000 | 24,719,000 | 24,007,000 | 23,201,000 | 22,230,000 | 21,938,000 | 21,729,000 | 21,643,000 | 21,180,000 | 19,798,000 | 20,515,000 | 19,490,000 | 19,131,000 | 18,951,000 | 18,821,000 | 18,969,000 | 19,546,000 | 20,717,000 |
| 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 ÷ $26,551,000K
= 0.00
Hess Corporation has consistently maintained a debt-to-assets ratio of 0.00 over the past few years, as per the financial data provided. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets. This implies that the company's operations are primarily funded through equity rather than debt financing. A low or zero debt-to-assets ratio can be seen as a positive indicator, as it suggests lower financial risk and potential for financial stability in the long term. However, it is important to consider that too low a debt level may also indicate underutilization of leverage, which could limit growth opportunities. In summary, Hess Corporation's consistent 0.00 debt-to-assets ratio reflects a conservative approach to capital structure and a relatively strong financial position in terms of debt management.
Peer comparison
Dec 31, 2024