Hess Corporation (HES)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 8,986,000 | 8,631,000 | 8,272,000 | 8,133,000 | 7,855,000 | 7,559,000 | 7,136,000 | 6,308,000 | 6,300,000 | 5,609,000 | 5,488,000 | 5,616,000 | 5,366,000 | 5,916,000 | 6,395,000 | 7,200,000 | 8,732,000 | 8,908,000 | 9,294,000 | 9,342,000 |
| Financial leverage ratio | 2.67 | 2.69 | 2.69 | 2.70 | 2.76 | 2.86 | 2.97 | 3.14 | 3.26 | 3.47 | 3.49 | 3.37 | 3.51 | 3.21 | 3.06 | 2.88 | 2.49 | 2.43 | 2.33 | 2.32 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $24,007,000K ÷ $8,986,000K
= 2.67
The financial leverage ratio of Hess Corporation has shown a decreasing trend over the past eight quarters, with a value of 2.67 in Q4 2023 compared to 3.14 in Q1 2022. This indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests a lower level of financial risk, as the company has less debt relative to its equity. It also implies that the company may have improved its financial stability and flexibility by reducing its debt burden. However, it is important to monitor this ratio in conjunction with other financial metrics to fully assess the company's overall financial health.
Peer comparison
Dec 31, 2023