Matador Resources Company (MTDR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,325,410 | 2,206,630 | 465,000 | 485,000 | 774,000 |
| Total assets | US$ in thousands | 10,850,100 | 7,727,000 | 5,554,500 | 4,262,150 | 3,687,280 |
| Debt-to-assets ratio | 0.31 | 0.29 | 0.08 | 0.11 | 0.21 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,325,410K ÷ $10,850,100K
= 0.31
The debt-to-assets ratio of Matador Resources Company has displayed fluctuations over the past five years. Starting at 0.21 in December 2020, the ratio decreased to 0.11 by December 2021, indicating a lower level of debt relative to total assets. In December 2022, the ratio further declined to 0.08, showing continued improvement in the company's debt management and asset utilization.
However, there was a notable increase in the debt-to-assets ratio in December 2023, reaching 0.29. This suggests a higher proportion of debt in relation to total assets, potentially signaling increased borrowing or a decline in asset value during that period. The ratio then slightly rose to 0.31 by December 2024, indicating a persistent trend of higher debt relative to assets.
Overall, Matador Resources Company's debt-to-assets ratio reflects a mix of fluctuating levels over the past five years, with periods of improvement in debt management followed by increases in debt relative to total assets. Monitoring this ratio is crucial for assessing the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2024