Matador Resources Company (MTDR)

Debt-to-assets 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
Long-term debt	US$ in thousands	3,325,410	1,481,000	607,000	786,000	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
Total assets	US$ in thousands	10,850,100	10,623,300	8,518,390	8,227,330	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
Debt-to-assets ratio		0.31	0.14	0.07	0.10	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,325,410K ÷ $10,850,100K
= 0.31

Matador Resources Company's debt-to-assets ratio has shown a downward trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.38 on March 31, 2020, to 0.31 on December 31, 2024, indicating that the company's level of debt relative to its total assets has generally decreased during this period. This suggests an improvement in the company's financial leverage and potentially a stronger financial position in terms of its ability to meet its financial obligations. Additionally, the ratio fluctuated within a range of 0.08 to 0.49 over the period, with some periods showing more significant fluctuations than others. Overall, the decreasing trend in the debt-to-assets ratio may indicate that Matador Resources Company has been managing its debt levels effectively relative to its asset base.