Murphy Oil Corporation (MUR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,667,480 | 9,766,700 | 10,309,000 | 10,304,900 | 10,620,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,667,480K
= 0.00
The debt-to-assets ratio of Murphy Oil Corporation has consistently been at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies more on equity financing, which can be considered a positive sign as it signifies lower financial risk and a stronger financial position. It shows that the company has a strong balance sheet and is not overly leveraged, which may indicate financial stability and the potential capability to invest in growth opportunities.
Peer comparison
Dec 31, 2024