Magnolia Oil & Gas Corp (MGY)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	392,513	392,839	390,383	388,087	391,115
Total assets	US$ in thousands	2,820,840	2,756,220	2,572,580	1,746,740	1,453,420
Debt-to-assets ratio		0.14	0.14	0.15	0.22	0.27

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $392,513K ÷ $2,820,840K
= 0.14

The debt-to-assets ratio of Magnolia Oil & Gas Corp has shown a decreasing trend over the past five years. Starting at 0.27 in December 2020, it decreased to 0.22 by December 2021, and further declined to 0.15 by December 2022. The trend continued with a slight decrease to 0.14 as of both December 31, 2023, and December 31, 2024. This decreasing trend indicates that the company has been effectively managing its debt levels in relation to its total assets over the years. A lower debt-to-assets ratio signifies a stronger financial position and implies less financial risk for the company. Magnolia Oil & Gas Corp's declining debt-to-assets ratio suggests a positive financial performance and prudent debt management strategy during the period under review.