Occidental Petroleum Corporation (OXY)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 74,008,000 | 72,609,000 | 75,036,000 | 80,064,000 | 107,190,000 |
| Total stockholders’ equity | US$ in thousands | 30,250,000 | 30,085,000 | 20,327,000 | 18,573,000 | 34,232,000 |
| Financial leverage ratio | 2.45 | 2.41 | 3.69 | 4.31 | 3.13 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $74,008,000K ÷ $30,250,000K
= 2.45
Occidental Petroleum Corp.'s financial leverage ratio has experienced fluctuations over the past five years. The ratio was at 3.19 in 2019, indicating a moderate level of leverage. This ratio then increased to 4.31 in 2020, suggesting a significant increase in leverage. However, in 2021, there was a notable decrease to 3.69, although the leverage remained relatively high. The trend continued in 2022 with a slight decrease to 2.41, which might indicate some deleveraging efforts. Finally, in 2023, the financial leverage ratio increased to 2.45, still indicating a moderate level of leverage. Overall, the company's financial leverage has been volatile, with fluctuations that may require careful monitoring and management to ensure financial stability and performance.
Peer comparison
Dec 31, 2023