Hess Corporation (HES)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	8,302,000	8,241,000	8,459,000	8,382,000	8,278,000	8,303,000	8,332,000	7,934,000	7,941,000	7,993,000	7,712,000	8,273,000	8,286,000	8,280,000	8,205,000	8,191,000	7,142,000	6,526,000	6,511,000	6,550,000
Total assets	US$ in thousands	24,007,000	23,201,000	22,230,000	21,938,000	21,695,000	21,643,000	21,180,000	19,798,000	20,515,000	19,490,000	19,166,000	18,951,000	18,821,000	18,969,000	19,546,000	20,717,000	21,782,000	21,631,000	21,695,000	21,716,000
Debt-to-assets ratio		0.35	0.36	0.38	0.38	0.38	0.38	0.39	0.40	0.39	0.41	0.40	0.44	0.44	0.44	0.42	0.40	0.33	0.30	0.30	0.30

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,302,000K ÷ $24,007,000K
= 0.35

The debt-to-assets ratio of Hess Corporation has exhibited stability over the past eight quarters, ranging between 0.37 and 0.42. This ratio indicates the proportion of the company's total debt to its total assets. A lower ratio suggests lower financial risk as it shows that the company has a lower level of debt relative to its assets.

Hess Corporation's debt level, as a percentage of its assets, has remained relatively steady around the 0.39 level, with some slight fluctuations. The slight increase in the ratio in the most recent quarters could indicate either an increase in debt levels or a decrease in assets. It is important for investors and stakeholders to carefully monitor this ratio to assess the company's financial health and risk profile.