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.
Peer comparison
Dec 31, 2024