Permian Resources Corporation (PR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 |
Permian Resources Corporation has consistently maintained a strong solvency position based on its solvency ratios analysis. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 across all periods from March 31, 2020, to December 31, 2024. This indicates that the company's total debt levels are minimal compared to its total assets, capital, and equity, reflecting a low-risk profile in terms of default risk.
The Financial leverage ratio for Permian Resources Corporation has shown some fluctuation over the years, starting at 1.51 on March 31, 2020, and declining to 1.85 by December 31, 2024. This ratio peaked at 3.05 on September 30, 2022, indicating a temporary spike in leverage during that period. However, the ratio has since decreased and stabilized below 2.00 in the most recent periods, signaling a reduction in the company's reliance on debt financing to support its operations.
Overall, Permian Resources Corporation's solid solvency ratios indicate a healthy financial position with low debt levels relative to its assets, capital, and equity. The decreasing trend in the Financial leverage ratio also suggests that the company has been effectively managing its debt levels and maintaining a sustainable capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.12 | 6.89 | 6.06 | 5.96 | 6.77 | 6.10 | 8.36 | 10.24 | 10.26 | 12.54 | 9.53 | 4.65 | 3.43 | -0.74 | -1.99 | -1.51 | -10.49 | -9.24 | -8.97 | -8.99 |
Permian Resources Corporation's interest coverage ratio has shown significant improvement over the past few years, reflecting a more stable financial position.
The interest coverage ratio, which was in negative territory in early 2020, improved gradually throughout 2020 and 2021. By the end of 2021, the company's interest coverage ratio turned positive, indicating that the company was generating enough operating income to cover its interest expenses.
From 2022 onwards, Permian Resources Corporation's interest coverage ratio demonstrated a strong upward trend, reaching double digits by the end of 2022. This significant improvement suggests that the company's ability to meet its interest obligations has strengthened considerably.
Overall, the consistent improvement in Permian Resources Corporation's interest coverage ratio from negative levels to a more healthy position by the end of 2024 indicates a positive trajectory for the company's financial health and ability to meet its debt obligations.