Marathon Petroleum Corp (MPC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 78,858,000 | 85,987,000 | 89,904,000 | 85,373,000 | 85,158,000 |
| Total stockholders’ equity | US$ in thousands | 25,712,000 | 24,404,000 | 27,715,000 | 26,206,000 | 22,199,000 |
| Financial leverage ratio | 3.07 | 3.52 | 3.24 | 3.26 | 3.84 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $78,858,000K ÷ $25,712,000K
= 3.07
The financial leverage ratio of Marathon Petroleum Corp has shown variability over the past five years. It decreased from 3.84 in December 2020 to 3.26 in December 2021, indicating a reduction in the company's reliance on debt to finance its operations. Subsequently, the ratio slightly decreased to 3.24 in December 2022 before rising to 3.52 in December 2023, suggesting an increase in leverage during that period. However, it then decreased significantly to 3.07 in December 2024, indicating a potential deleveraging or a shift towards a more conservative capital structure. Overall, the trend in the financial leverage ratio suggests fluctuations in the company's debt levels and capital structure management over the analyzed period.
Peer comparison
Dec 31, 2024