Northern Oil & Gas Inc (NOG)
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 | 2,320,440 | 2,047,680 | 745,260 | 215,134 | -223,304 |
| Debt-to-capital ratio | 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 + $2,320,440K)
= 0.00
The debt-to-capital ratio for Northern Oil & Gas Inc as of December 31, 2020 was not available (indicated as "—"). From December 31, 2021 to December 31, 2024, the debt-to-capital ratio remained consistently at 0.00. A debt-to-capital ratio of 0.00 indicates that the company has no debt or a negligible amount of debt relative to its total capital, suggesting that the company is primarily financed through equity. This low ratio may indicate a strong financial position with lower financial risk and less dependence on debt financing. However, it's important to consider other factors such as the nature of the industry and overall financial health of the company when interpreting this ratio.
Peer comparison
Dec 31, 2024