Marathon Oil Corporation (MRO)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,378,000 | 5,521,000 | 3,978,000 | 5,404,000 | 5,501,000 |
| Total assets | US$ in thousands | 19,575,000 | 19,940,000 | 16,994,000 | 17,956,000 | 20,245,000 |
| Debt-to-assets ratio | 0.17 | 0.28 | 0.23 | 0.30 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,378,000K ÷ $19,575,000K
= 0.17
The debt-to-assets ratio for Marathon Oil Corporation has shown some fluctuations over the past five years. The ratio stood at 0.28 as of December 31, 2023, compared to 0.30 in the previous year. In 2021, the ratio was at its lowest at 0.24. The ratio increased to 0.30 in 2020 before slightly decreasing to 0.27 in 2019.
Overall, Marathon Oil Corporation has maintained a relatively conservative level of debt financing in relation to its total assets over the past five years. The decreasing trend from 2020 to 2021 indicates an improved financial health and lower reliance on debt for financing its operations. However, the slight increase in 2023 suggests a potential need for closer monitoring of the company's debt management. It is crucial for investors and stakeholders to continue monitoring the debt-to-assets ratio to assess Marathon Oil Corporation's leverage and financial risk position.
Peer comparison
Dec 31, 2023