Permian Resources Corporation (PR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,336,100K
= 0.00
Permian Resources Corp's debt-to-equity ratio has shown fluctuations over the past five years. The ratio decreased from 0.73 in 2022 to 0.61 in 2023, indicating a reduction in the company's reliance on debt compared to equity for financing its operations. In 2021, the ratio was relatively low at 0.30, suggesting a conservative capital structure with less debt compared to shareholders' equity. However, in 2020 and 2019, the ratio increased to 0.41 and 0.32 respectively, indicating a higher level of debt relative to equity during those years.
Overall, the trend in Permian Resources Corp's debt-to-equity ratio shows variability in its capital structure approach, with a mix of debt and equity financing over the years. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk levels.
Peer comparison
Dec 31, 2023