SM Energy Co (SM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,576,650 | 6,379,980 | 5,716,040 | 5,233,980 | 4,976,430 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,576,650K
= 0.00
The debt-to-assets ratio for SM Energy Co has consistently been 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has either paid off all of its debt or has not taken on any debt to fund its operations or acquire assets. This can be seen as a positive sign, as it indicates that the company may have a strong financial position and low financial risk associated with debt. However, it is important to consider other factors such as the company's profitability, liquidity, and overall financial health when evaluating its financial performance.
Peer comparison
Dec 31, 2024