Permian Resources Corporation (PR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 14,965,600 | 8,492,590 | 3,804,590 | 3,827,420 | 4,688,290 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,965,600K
= 0.00
Permian Resources Corp's debt-to-assets ratio has shown some fluctuations over the past five years. The ratio increased from 0.23 in 2019 to 0.28 in 2020, indicating a higher proportion of debt relative to assets in the company's capital structure that year. However, in the following years, the ratio decreased to 0.22 in 2021 and then increased slightly to 0.25 in 2022 before reaching 0.26 in 2023.
Overall, the trend of the debt-to-assets ratio suggests that Permian Resources Corp has been managing its debt levels relative to its assets effectively, with some fluctuations observed over the years. A lower ratio indicates a lower financial risk associated with the company's debt, while a higher ratio suggests higher leverage and potential financial risk. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to meet its debt obligations and sustain operations in the long term.
Peer comparison
Dec 31, 2023