Hess Corporation (HES)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $11,216,000K
= 0.00
The debt-to-equity ratio for Hess Corporation has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing to fund its operations during this period. A debt-to-equity ratio of 0.00 suggests that the company relies solely on equity financing, which can be a positive indicator of financial stability and a lower risk profile. However, it's important to note that a low debt-to-equity ratio can also mean missed opportunities for leveraging financial leverage for potential growth and expansion. Further analysis of the company's overall financial strategy and objectives would be needed to fully assess the implications of this consistent ratio.
Peer comparison
Dec 31, 2024