Occidental Petroleum Corporation (OXY)
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 | 85,445,000 | 74,008,000 | 72,609,000 | 75,036,000 | 80,064,000 |
| 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 ÷ $85,445,000K
= 0.00
Based on the provided data, Occidental Petroleum Corporation has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has not utilized debt to finance its assets during this period. This could signify either a strong financial position with ample equity capital to support its operations or a deliberate strategy to operate with minimal or no debt to reduce financial risk. It is important to note that while a low debt-to-assets ratio can indicate financial stability, it may also suggest potential underutilization of leverage for growth or investment opportunities. Further analysis of the company's capital structure and overall financial health would provide a more comprehensive understanding of its strategic decisions and risk management practices.
Peer comparison
Dec 31, 2024