Permian Resources Corporation (PR)

Financial leverage 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
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
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
Financial leverage ratio		2.36	2.52	2.70	2.71	2.89	3.05	1.42	1.43	1.38	1.50	1.53	1.50	1.47	1.46	1.47	1.51	1.44	1.43	1.45	1.45

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,965,600K ÷ $6,336,100K
= 2.36

Permian Resources Corp's financial leverage ratio has been fluctuating over the past eight quarters.

The trend indicates a decreasing leverage ratio from an elevated level of 3.05 in Q3 2022 to a low of 1.42 in Q2 2022, followed by a subsequent increase reaching its peak at 2.89 in Q4 2022. This trend continued into 2023, with the ratio gradually declining to 2.36 in Q4 2023.

Overall, the financial leverage ratio has shown volatility, indicating changes in the company's capital structure and debt levels over time. The recent decrease may suggest that the company has been actively managing its debt and capital structure to reduce leverage. However, it is essential to monitor this ratio closely to ensure the company maintains a healthy balance between debt and equity to support its operations and growth effectively.