Murphy USA Inc (MUSA)
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 | 840,100 | 828,900 | 640,700 | 807,200 | 784,100 |
| 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 + $840,100K)
= 0.00
Murphy USA Inc's debt-to-capital ratio has consistently been at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations and investments relative to its capital structure. A low debt-to-capital ratio can suggest a conservative financial approach, reduced financial risk, and potentially more financial stability. It indicates that the company relies more on equity financing rather than debt financing, which can be favorable in terms of reducing interest costs and potential financial distress. However, it's important to consider the context of the industry and the company's strategic objectives when evaluating the implications of such a low debt-to-capital ratio.
Peer comparison
Dec 31, 2024