Southwestern Energy Company (SWN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,947,000 | 4,392,000 | 5,201,000 | 3,150,000 | 2,242,000 |
| Total assets | US$ in thousands | 11,991,000 | 12,926,000 | 11,848,000 | 5,160,000 | 6,717,000 |
| Debt-to-assets ratio | 0.33 | 0.34 | 0.44 | 0.61 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,947,000K ÷ $11,991,000K
= 0.33
The debt-to-assets ratio of Southwestern Energy Company has shown fluctuations over the past five years. In 2019 and 2023, the company had a debt-to-assets ratio of 0.33, indicating that 33% of its total assets were funded by debt. In 2020, the ratio increased to 0.61, signaling a significant rise in the proportion of debt compared to assets. This could suggest increased leverage and financial risk during that period.
However, in 2021, there was a decrease in the debt-to-assets ratio to 0.46, indicating a reduction in the proportion of debt relative to assets. The most recent data for 2022 and 2023 show the ratio stabilizing around 0.34, suggesting a moderate level of debt reliance compared to assets.
Overall, Southwestern Energy's debt-to-assets ratio has shown variability in the past five years, with a peak in 2020 followed by fluctuations and a stabilization in recent years. It is crucial for investors and stakeholders to monitor this ratio to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2023