Murphy Oil Corporation (MUR)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	2,755,600	2,988,070	—	—	—	—	—	—	—
Total assets	US$ in thousands	9,766,700	9,942,580	10,249,500	10,188,500	10,309,000	10,229,200	10,572,200	10,541,700	10,304,900	10,330,900	10,604,200	10,284,300	10,620,900	10,469,400	10,754,000	11,205,800	11,718,500	11,783,700	13,536,000	11,983,100
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.27	0.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,766,700K
= 0.00

The debt-to-assets ratio for Murphy Oil Corp. has been relatively stable over the past eight quarters, ranging from 0.14 to 0.23. This ratio indicates the proportion of the company's total assets that are financed by debt. A lower ratio suggests lower financial risk and greater financial stability, as it indicates a smaller reliance on debt to fund operations and investments.

In this case, Murphy Oil Corp.'s debt-to-assets ratio has been consistently below 0.25, which is generally considered a healthy range for most industries. The trend of the ratio increasing from 0.14 in Q4 2023 to 0.23 in Q1 2022 suggests a slight increase in the company's reliance on debt to finance its assets over the period analyzed. However, it is important to note that the company has maintained the ratio at a relatively moderate level, indicating a prudent approach to managing its debt levels.