Marathon Petroleum Corp (MPC)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 78,858,000 | 79,833,000 | 85,229,000 | 85,528,000 | 87,412,000 | 89,969,000 | 86,442,000 | 87,037,000 | 89,904,000 | 89,694,000 | 96,737,000 | 90,952,000 | 85,373,000 | 89,300,000 | 94,300,000 | 86,651,000 | 85,158,000 | 84,020,000 | 84,593,000 | 86,317,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided for Marathon Petroleum Corp, the debt-to-assets ratio has been consistently reported as 0.00 from March 2020 to December 2024. This indicates that the company has not had any financial leverage in terms of debt relative to its total assets during this period.
A debt-to-assets ratio of 0.00 signifies that the company's total debt obligation is negligible compared to its total assets. In other words, Marathon Petroleum Corp has not relied on borrowing to finance its operations or growth, which could be viewed positively from a financial risk perspective.
However, it is essential to consider that a zero debt-to-assets ratio may also signal missed opportunities for leveraging debt to fund potentially profitable investments or expansions. While maintaining low debt levels can provide financial stability and flexibility, it may also limit the company's ability to take advantage of favorable financing opportunities or optimize its capital structure.
In summary, Marathon Petroleum Corp's consistent debt-to-assets ratio of 0.00 indicates a conservative approach to financial leveraging, which may imply lower financial risk but could also mean potential missed growth opportunities.
Peer comparison
Dec 31, 2024