Murphy Oil Corporation (MUR)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,194,250 | 5,362,790 | 4,994,800 | 4,320,800 | 4,394,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,194,250K)
= 0.00
Based on the data provided, the debt-to-capital ratio for Murphy Oil Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in relation to its total capital structure during this period. A zero debt-to-capital ratio may suggest that the company is primarily financed by equity rather than debt, which can be seen as a positive sign of financial stability and lower financial risk. However, it is important to consider other financial metrics and external factors to get a more comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024