Northern Oil & Gas Inc (NOG)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 5,603,820 4,484,260 2,875,180 1,522,870 872,089
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,603,820K
= 0.00

The debt-to-assets ratio for Northern Oil & Gas Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's total assets are entirely funded by equity, potentially reflecting a strong financial position with little to no financial leverage. However, it is important to consider other financial metrics and factors to assess the overall financial health and risk profile of the company.