Permian Resources Corporation (PR)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	6,336,100	3,654,840	3,308,720	3,215,260	2,935,750	2,824,490	2,969,570	2,771,080	2,750,720	2,584,650	2,538,340	2,558,900	2,603,960	2,687,820	2,734,540	2,716,570	3,258,120	3,239,900	3,122,850	3,098,260
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,336,100K)
= 0.00

The debt-to-capital ratio of Permian Resources Corp has been relatively stable around the range of 0.38 to 0.42 over the past eight quarters. This indicates that the company's capital structure has been consistently composed of around 38% to 42% debt financing. The slight increase in the ratio from Q1 2023 to Q4 2022 may suggest a potential increase in debt relative to capital during that period.

The ratio values below 0.5 generally indicate a reasonable level of debt compared to the total capital of the company. A lower debt-to-capital ratio signifies that the company relies more on equity financing rather than debt, which can be a positive indicator of financial stability and lower financial risk.

Overall, Permian Resources Corp's debt-to-capital ratio trend indicates a balanced approach to capital structure management, maintaining a moderate level of debt to support its operations and growth initiatives while also ensuring a significant portion of the capital comes from equity sources.