Marathon Oil Corporation (MRO)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	3,378,000	4,876,000	5,724,000	5,723,000	5,521,000	3,579,000	3,709,000	3,908,000	3,978,000	3,977,000	4,875,000	4,905,000	5,404,000	5,405,000	5,530,000	5,529,000	5,501,000	5,529,000	5,528,000	5,528,000
Total assets	US$ in thousands	19,575,000	19,919,000	19,919,000	20,012,000	19,940,000	17,858,000	18,286,000	17,981,000	16,994,000	17,161,000	17,800,000	18,233,000	17,956,000	18,663,000	18,567,000	19,715,000	20,245,000	20,373,000	21,282,000	21,410,000
Debt-to-assets ratio		0.17	0.24	0.29	0.29	0.28	0.20	0.20	0.22	0.23	0.23	0.27	0.27	0.30	0.29	0.30	0.28	0.27	0.27	0.26	0.26

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 of Marathon Oil Corporation has been relatively stable over the past eight quarters, ranging from 0.22 to 0.30. The ratio measures the proportion of the company's assets that are financed through debt, with lower ratios indicating lower financial risk. Marathon Oil's ratio has hovered around 0.28 to 0.30 in the most recent quarters, suggesting that a significant portion of its assets are financed through debt. However, the consistency of the ratio within this range indicates a relatively stable debt position for Marathon Oil Corporation. Further analysis should consider other financial metrics to gain a more comprehensive understanding of the company's overall financial health and leverage.