Marathon Petroleum Corp (MPC)

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	—	—	—	—	—
Total assets	US$ in thousands	78,858,000	85,987,000	89,904,000	85,373,000	85,158,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $78,858,000K
= 0.00

The debt-to-assets ratio of Marathon Petroleum Corp has consistently been 0.00 over the past five years, including as of December 31, 2024. This indicates that the company has not utilized debt to finance its operations and investments, and its assets are primarily funded by equity. A debt-to-assets ratio of 0.00 generally suggests a low financial risk, as the company is not heavily reliant on debt financing. However, it is important to consider the context of the industry and overall financial health of the company when assessing the significance of this ratio.