Murphy Oil Corporation (MUR)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,362,790 | 5,340,030 | 5,234,310 | 5,137,560 | 4,994,770 | 4,708,940 | 4,312,800 | 4,032,840 | 4,157,310 | 3,949,510 | 3,880,600 | 3,935,190 | 4,214,340 | 4,343,440 | 4,568,540 | 4,886,150 | 5,467,460 | 5,676,650 | 4,740,010 | 4,948,780 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.70 | 0.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,362,790K
= 0.00
The debt-to-equity ratio of Murphy Oil Corp. has been fluctuating over the past eight quarters. It decreased from 0.61 in Q1 2022 to 0.25 in Q4 2023. This substantial decrease indicates a reduction in the company's reliance on debt to finance its operations relative to its equity. Although the ratio increased slightly in Q3 2023 to 0.30, it remained relatively low compared to previous quarters.
The trend of decreasing debt-to-equity ratios could suggest that Murphy Oil Corp. is efficiently managing its debt levels and improving its financial health. A lower debt-to-equity ratio generally indicates less financial risk and a stronger financial position for the company. It is essential to monitor this ratio over time to assess the company's ability to meet its financial obligations and evaluate its capital structure.
Peer comparison
Dec 31, 2023