Murphy Oil Corporation (MUR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,341,840 | 5,249,740 | 5,323,720 | 5,303,990 | 5,549,650 | 5,340,030 | 5,234,310 | 5,137,600 | 4,994,800 | 4,708,940 | 4,312,800 | 4,032,840 | 4,320,800 | 3,949,510 | 3,880,600 | 3,935,190 | 4,394,100 | 4,343,440 | 4,568,540 | 4,886,150 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,341,840K)
= 0.00
The debt-to-capital ratio of Murphy Oil Corporation has remained consistently at 0.00 from March 2020 to December 2024. This indicates that the company has been financing its operations and investments primarily through equity rather than debt. A low debt-to-capital ratio is generally seen as a positive sign as it suggests lower financial risk and less dependency on debt for funding. Murphy Oil Corporation's consistent 0.00 debt-to-capital ratio reflects a strong financial position and prudent capital structure management over the period analyzed.
Peer comparison
Dec 31, 2024