SM Energy Co (SM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,576,650 | 8,027,770 | 6,657,010 | 6,398,460 | 6,379,980 | 6,078,570 | 5,992,630 | 5,870,160 | 5,716,040 | 5,651,510 | 5,339,120 | 5,395,780 | 5,233,980 | 5,061,960 | 5,053,000 | 5,015,640 | 4,976,430 | 5,122,280 | 5,267,630 | 5,615,020 |
| 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 |
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 remained at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and investments, as the ratio signifies the proportion of a company's assets that are financed by debt. A debt-to-assets ratio of 0.00 typically suggests that the company has a solid financial position with a low risk of financial distress, as there is no debt associated with its assets. It may also imply that the company relies more on equity financing or has sufficient internal funds to support its operations and growth without resorting to borrowing.
Peer comparison
Dec 31, 2024