Murphy USA Inc (MUSA)

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 840,100 830,100 811,300 781,600 828,900 844,100 750,800 716,800 640,700 766,000 762,700 791,500 807,200 824,800 757,900 780,600 784,100 895,700 918,000 746,800
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 + $840,100K)
= 0.00

The debt-to-capital ratio for Murphy USA Inc has consistently remained at 0.00 across multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly as a source of financing relative to its total capital structure. A debt-to-capital ratio of 0.00 implies that the company's capital structure is predominantly equity-based, suggesting a lower financial risk and a potentially strong financial position with fewer obligations to creditors. It appears that Murphy USA Inc relies more on equity financing or other forms of funding rather than debt for its operational and investment activities during the period analyzed.