Matador Resources Company (MTDR)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,206,630	465,000	485,000	774,000	1,294,420
Total stockholders’ equity	US$ in thousands	3,910,860	3,110,800	1,907,210	1,286,530	1,833,650
Debt-to-equity ratio		0.56	0.15	0.25	0.60	0.71

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,206,630K ÷ $3,910,860K
= 0.56

The debt-to-equity ratio for Matador Resources Co has shown fluctuations over the past five years. In 2023, the company's debt-to-equity ratio stood at 0.56, indicating that for every dollar of equity, the company had $0.56 in debt. This represents an increase compared to 2022 when the ratio was 0.37.

The increase in the debt-to-equity ratio in 2023 suggests that the company took on more debt relative to its equity position. However, it is important to note that the ratio is still below 1, which indicates that the company's total debt is less than its total equity.

Looking back at the data, the debt-to-equity ratio was highest in 2020 at 1.41, indicating a significant increase in debt relative to equity that year. The ratio then decreased in 2021 and 2022 before rising again in 2023.

Overall, the fluctuation in Matador Resources Co's debt-to-equity ratio suggests variability in the company's capital structure and its approach to financing. Investors and stakeholders may want to monitor this ratio closely to assess the company's leverage and financial risk.