Occidental Petroleum Corporation (OXY)
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 | 34,159,000 | 30,250,000 | 30,085,000 | 20,327,000 | 18,573,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $34,159,000K
= 0.00
Occidental Petroleum Corporation's debt-to-equity ratio has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This suggests that the company's level of debt is low in relation to its shareholders' equity during this period. A lower debt-to-equity ratio generally indicates a lower financial risk and may signify that the company is using less debt financing to fund its operations. It is important to note that while a low debt-to-equity ratio can be favorable, it is essential to consider other financial metrics and industry benchmarks for a comprehensive evaluation of the company's financial health.
Peer comparison
Dec 31, 2024