Murphy Oil Corporation (MUR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,341,840K
= 0.00
Murphy Oil Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or growth initiatives, instead relying on equity investments. A debt-to-equity ratio of 0.00 implies that the company's creditors have no claims on its assets in relation to its shareholders' equity. While a low debt-to-equity ratio can imply lower financial risk due to lower debt obligations, it may also suggest limited leverage for potential growth opportunities. Overall, Murphy Oil Corporation's consistent zero debt-to-equity ratio suggests a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024