Permian Resources Corporation (PR)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	6,336,100	2,935,750	2,750,720	2,603,960	3,258,120
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,336,100K)
= 0.00

Permian Resources Corp's debt-to-capital ratio has fluctuated over the past five years, indicating varying degrees of leverage in the company's capital structure.

The ratio increased from 0.25 in 2019 to 0.29 in 2020, suggesting a higher level of debt relative to total capital employed during that period. This may indicate increased reliance on debt financing or a decrease in shareholder equity.

In 2021, the debt-to-capital ratio decreased significantly to 0.23, which implies a lower proportion of debt in the capital structure compared to the previous year. This could be attributed to a reduction in debt levels or an increase in shareholder equity.

However, in 2022 and 2023, the ratio increased to 0.42 and 0.38, respectively. This suggests a higher reliance on debt financing relative to total capital in these years. The increase in the ratio may signal potential risks associated with higher debt levels, such as increased interest expenses or financial distress.

Overall, the trend in Permian Resources Corp's debt-to-capital ratio indicates fluctuations in the company's leverage position and the mix of debt and equity in its capital structure over the past five years. Investors and stakeholders may need to closely monitor these changes to assess the company's financial health and risk profile.