Magnolia Oil & Gas Corp (MGY)

Debt-to-equity ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 392,513 394,793 394,131 393,480 392,839 392,209 391,590 390,982 390,383 389,794 389,216 388,647 388,087 387,537 386,996 391,448 391,115 390,787 390,464 390,147
Total stockholders’ equity US$ in thousands 1,913,560 1,908,060 1,818,050 1,701,240 1,691,650 1,664,150 1,634,470 1,599,340 1,576,030 1,271,010 1,098,250 897,564 816,733 694,612 623,532 609,789 548,136 532,608 527,019 543,166
Debt-to-equity ratio 0.21 0.21 0.22 0.23 0.23 0.24 0.24 0.24 0.25 0.31 0.35 0.43 0.48 0.56 0.62 0.64 0.71 0.73 0.74 0.72

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $392,513K ÷ $1,913,560K
= 0.21

Magnolia Oil & Gas Corp's debt-to-equity ratio has shown a declining trend over the past few years, indicating improved financial health and decreased reliance on debt financing. As of December 31, 2024, the debt-to-equity ratio stands at 0.21, suggesting that the company is financing a smaller proportion of its operations through debt compared to equity. This trend signals a positive development in the company's capital structure, as lower debt levels typically indicate lower financial risk and increased financial stability. Management's efforts to reduce debt and optimize the capital mix seem to be yielding favorable results, enhancing the company's overall financial standing.