Marathon Petroleum Corp (MPC)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	25,712,000	18,933,000	21,324,000	22,922,000	24,404,000	25,862,000	25,714,000	26,858,000	27,715,000	26,304,000	26,306,000	23,972,000	26,206,000	28,280,000	28,921,000	21,592,000	22,199,000	29,414,000	23,741,000	24,088,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $25,712,000K)
= 0.00

The debt-to-capital ratio for Marathon Petroleum Corp has consistently remained at 0.00 across all reported quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly composed of equity rather than debt, which may imply lower financial risk and leverage. It is important to note that a low debt-to-capital ratio may also signify conservative financial management or potential limitations in growth opportunities due to limited leveraging. Overall, further analysis and consideration of other financial metrics and market conditions are advisable to gain a comprehensive understanding of Marathon Petroleum Corp's overall financial health and performance.