Murphy Oil Corporation (MUR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,667,480 | 9,716,420 | 9,893,720 | 9,668,660 | 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 | 10,620,800 | 10,469,400 | 10,754,000 | 11,205,800 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided, Murphy Oil Corporation has consistently maintained a debt-to-assets ratio of 0.00 across all reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing relative to its total assets during this timeframe.
A debt-to-assets ratio of 0.00 typically suggests that the company has either paid off all its outstanding debt or has very minimal debt relative to its total assets. This may imply that Murphy Oil Corporation relies more on equity financing or internally generated funds to support its operations and investments rather than taking on significant debt burdens.
Overall, a debt-to-assets ratio of 0.00 signifies a low financial risk in terms of debt obligations and indicates a strong financial position for Murphy Oil Corporation.
Peer comparison
Dec 31, 2024