Marathon Petroleum Corp (MPC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.07 | 4.22 | 4.00 | 3.73 | 3.58 | 3.48 | 3.36 | 3.24 | 3.24 | 3.41 | 3.68 | 3.79 | 3.26 | 3.16 | 3.26 | 4.01 | 3.84 | 2.86 | 3.56 | 3.58 |
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 shows fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 2.86 on September 30, 2020, to a high of 4.22 on September 30, 2024. Generally, a higher financial leverage ratio indicates higher leverage and potential financial risk, while a lower ratio reflects lower leverage and risk.
The ratio peaked at 4.22 on September 30, 2024, suggesting increased reliance on debt to finance operations or investments at that point in time. On the contrary, the lowest ratio of 2.86 on September 30, 2020, may indicate a more conservative financial structure with less debt compared to equity.
Throughout the analyzed period, the financial leverage ratio exhibited variability, indicating potential changes in the capital structure and financial risk of Marathon Petroleum Corp. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's solvency, financial health, and risk levels.
Peer comparison
Dec 31, 2024