Matador Resources Company (MTDR)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	3,910,860	3,662,720	3,402,860	3,252,850	3,110,800	2,858,810	2,529,170	2,118,600	1,907,210	1,688,010	1,479,760	1,359,400	1,286,530	1,371,930	1,643,830	1,991,350	1,833,650	1,795,310	1,736,480	1,690,820
Financial leverage ratio		1.98	2.03	2.10	1.78	1.79	1.86	1.96	2.16	2.23	2.36	2.59	2.75	2.87	2.76	2.43	2.18	2.22	2.19	2.16	2.12

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,727,000K ÷ $3,910,860K
= 1.98

The financial leverage ratio of Matador Resources Co has shown some fluctuations over the past eight quarters. In Q1 2022, the ratio was at its highest at 2.16, indicating that the company had a higher proportion of debt in its capital structure compared to equity. The ratio then decreased to 1.79 in Q4 2022 but increased again to 2.10 in Q2 2023.

Overall, the financial leverage ratio has been fluctuating between 1.78 and 2.16 over the observed period. This suggests that Matador Resources Co has been utilizing a moderate to high level of debt funding in its operations. It is important for the company to carefully manage its debt levels to ensure financial stability and avoid potential risks associated with high leverage ratios.