Permian Resources Corporation (PR)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	14,965,600	9,209,800	8,926,320	8,723,160	8,492,590	8,609,630	4,224,030	3,958,530	3,804,590	3,882,340	3,874,350	3,848,320	3,827,420	3,923,040	4,020,890	4,106,250	4,688,290	4,646,130	4,535,330	4,478,550
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 been relatively stable over the past eight quarters, ranging between 0.19 and 0.27. The ratio indicates that the company's proportion of debt relative to its total assets has been moderate, with the highest ratio recorded in Q3 2022 at 0.27 and the lowest in Q2 2022 at 0.19.

The downward trend from Q4 2022 to Q2 2023 suggests that the company may have been reducing its debt levels or increasing its assets during this period. However, the slight increase in the ratio from Q2 2023 to Q4 2023 indicates a potential reversal in this trend.

Overall, with a range of 0.19 to 0.27, Permian Resources Corp appears to have maintained a prudent level of leverage, balancing its debt obligations with its asset base over the quarters analyzed. It is important for the company to monitor and manage this ratio effectively to ensure financial stability and sustainability in the long term.