Matador Resources Company (MTDR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 5,089,150 | 4,870,630 | 4,631,630 | 4,418,250 | 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 |
| Financial leverage ratio | 2.13 | 2.18 | 1.84 | 1.86 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,850,100K ÷ $5,089,150K
= 2.13
The financial leverage ratio of Matador Resources Company has shown a fluctuating trend over the past few years. The ratio stood at 2.18 as of March 31, 2020, and increased steadily to reach a peak of 2.87 by December 31, 2020. Subsequently, there was a slight decline in the ratio in the following quarters, with the ratio hovering around the 2.00 mark.
From March 31, 2022, to June 30, 2024, there was a generally downward trend in the financial leverage ratio, reaching a low of 1.78 on March 31, 2023. However, the ratio increased slightly by June 30, 2023, before decreasing again.
Overall, the financial leverage ratio indicates that Matador Resources Company has been utilizing a mix of debt and equity financing to fund its operations and growth. A downward trend in the ratio may suggest improved financial stability and reduced reliance on debt, while an upward trend could indicate increased financial risk and leverage. It is essential for the company to maintain a balance in its capital structure to ensure sustainable growth and financial health.
Peer comparison
Dec 31, 2024