Northern Oil & Gas Inc (NOG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,320,440K
= 0.00
Based on the provided data, Northern Oil & Gas Inc's debt-to-equity ratio has been steadily improving over the years. The ratio for December 31, 2021, December 31, 2022, December 31, 2023, and December 31, 2024 is reported as 0.00, indicating that the company has either no debt or a negligible amount in relation to its equity.
A debt-to-equity ratio of 0.00 signifies that the company is primarily financed by equity rather than debt. This can be viewed positively by investors and stakeholders as it suggests a lower financial risk and a stronger financial position. Northern Oil & Gas Inc's consistent 0.00 ratio over the years indicates a conservative approach to managing its capital structure.
However, it is important to note that a very low or zero debt-to-equity ratio may also indicate underutilization of debt financing which could potentially limit the company's growth opportunities. Overall, Northern Oil & Gas Inc's 0.00 debt-to-equity ratio reflects a cautious and stable financial strategy.
Peer comparison
Dec 31, 2024