Matador Resources Company (MTDR)

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	2,206,630	1,005,000	1,020,000	475,000	465,000	440,000	420,000	455,000	485,000	477,500	592,500	674,000	774,000	1,842,000	1,745,210	1,662,310	1,294,420	1,514,020	1,483,620	1,398,230
Total assets	US$ in thousands	7,727,000	7,439,160	7,132,340	5,782,100	5,554,500	5,305,150	4,963,880	4,567,330	4,262,150	3,985,490	3,834,550	3,738,880	3,687,280	3,786,230	4,001,130	4,333,670	4,069,680	3,936,640	3,751,450	3,583,300
Debt-to-assets ratio		0.29	0.14	0.14	0.08	0.08	0.08	0.08	0.10	0.11	0.12	0.15	0.18	0.21	0.49	0.44	0.38	0.32	0.38	0.40	0.39

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,206,630K ÷ $7,727,000K
= 0.29

The debt-to-assets ratio of Matador Resources Co has shown some fluctuation over the past eight quarters, ranging from 0.20 to 0.33. The ratio indicates the proportion of the company's total debt relative to its total assets. A lower ratio suggests lower financial risk and more conservative financing.

In Q4 2023 and Q3 2023, the debt-to-assets ratio remained stable at 0.29, indicating that the company's debt level relative to its assets stayed consistent during this period.

Q2 2023 saw a slight increase in the ratio to 0.31, which may indicate a higher reliance on debt financing compared to the previous quarter. However, the ratio remained within a reasonable range.

The lowest ratio of 0.20 was recorded in Q1 2023, suggesting a conservative debt management approach or a significant increase in asset base during that period.

On the other hand, the highest ratio of 0.33 was observed in Q1 2022, indicating a relatively higher debt burden compared to the company's asset base during that quarter.

Overall, while the fluctuations in the debt-to-assets ratio suggest varying degrees of leverage over the quarters, the ratio has generally stayed within acceptable levels, indicating a balanced approach to debt management by Matador Resources Co.