Hess Corporation (HES)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 11,216,000 | 8,986,000 | 7,982,000 | 6,300,000 | 5,366,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $11,216,000K)
= 0.00
The debt-to-capital ratio of Hess Corporation has consistently been 0.00 over the past five years, including as of December 31, 2024. This indicates that the company has not relied on debt to finance its operations and investment activities. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity rather than debt. This may imply that the company is not highly leveraged and has a lower risk of defaulting on its financial obligations. However, it is important to note that a very low debt-to-capital ratio could also mean that the company is not taking advantage of potentially beneficial debt financing opportunities. Overall, Hess Corporation's consistent 0.00 debt-to-capital ratio indicates a conservative approach to capital structure management.
Peer comparison
Dec 31, 2024