Permian Resources Corporation (PR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
Permian Resources Corp's solvency ratios have been relatively stable over the past eight quarters.
The debt-to-assets ratio has remained in the range of 0.23 to 0.27, indicating that the company's total debt is around 23% to 27% of its total assets. This suggests that Permian Resources Corp has a low to moderate level of debt in relation to its assets, which is generally a positive indicator of solvency.
The debt-to-capital ratio also shows consistency, hovering around 0.38 to 0.42. This ratio reflects the proportion of the company's capital that is financed by debt, with Permian Resources Corp relying on debt for approximately 38% to 42% of its capital structure.
The debt-to-equity ratio has demonstrated a similar trend, staying within the range of 0.61 to 0.73. This indicates that Permian Resources Corp's debt represents around 61% to 73% of its equity, showing a moderate level of leverage that is relatively consistent over time.
Lastly, the financial leverage ratio has shown stability around 2.36 to 2.89, highlighting the company's use of debt to fund its operations and investments. This ratio reflects how many times the company's assets exceed its equity, with Permian Resources Corp maintaining a leverage level between 2.36 and 2.89 times its equity.
Overall, the solvency ratios of Permian Resources Corp suggest a consistent and manageable level of debt, signaling a stable financial position and ability to meet its financial obligations in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.57 | 3.75 | 5.34 | 7.28 | 7.64 | 10.58 | 9.10 | 5.79 | 5.35 | 1.63 | 0.33 | -1.96 | -11.27 | -10.46 | -10.19 | -8.58 | 1.42 | 2.14 | 4.09 | 6.53 |
Permian Resources Corp's interest coverage has shown a declining trend over the past year, decreasing from a high of 12.59 in Q3 and Q2 of 2022 to 6.93 in Q4 of 2023. This suggests that the company's ability to cover its interest expenses with its operating income has weakened over the period. The gradual decline in interest coverage may indicate increasing financial risk for Permian Resources Corp, as lower coverage ratios imply a higher proportion of earnings being consumed by interest payments. It is important for stakeholders to monitor this trend closely to assess the company's financial health and ability to meet its debt obligations in the future.