Permian Resources Corporation (PR)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	16,897,900	16,615,600	15,408,700	15,081,300	15,070,700	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
Total stockholders’ equity	US$ in thousands	9,138,530	8,997,910	8,346,160	6,958,080	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
Financial leverage ratio		1.85	1.85	1.85	2.17	2.38	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,897,900K ÷ $9,138,530K
= 1.85

Permian Resources Corporation's financial leverage ratio has shown fluctuations over the years. The ratio started at around 1.5 in early 2020 and remained relatively stable until mid-2021 when it began to increase. By the end of 2022, the financial leverage ratio spiked to over 2.5, indicating a significant increase in leverage. This higher leverage continued into 2023, although there was a slight decrease in the ratio over the year. By the end of 2024, the financial leverage ratio had decreased to around 1.85, which is still higher than the levels seen in earlier years but lower compared to the peak in 2023. The fluctuation in the financial leverage ratio suggests changes in Permian Resources Corporation's debt levels relative to its equity and highlights the company's evolving capital structure and risk profile.