Talos Energy (TALO)

Debt-to-equity ratio

		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
Long-term debt	US$ in thousands	992,614	1,018,770	1,000,110	977,011	585,340	652,108	788,468	925,081	956,667	978,777	976,573	1,049,360	985,512	994,748	997,041	1,033,160	732,981	697,192	697,130	665,935
Total stockholders’ equity	US$ in thousands	2,155,150	2,062,060	2,061,890	2,060,840	1,165,580	1,155,340	897,510	695,125	760,653	674,624	686,421	807,154	926,601	1,282,280	1,294,550	1,394,900	1,078,280	1,074,820	998,041	899,986
Debt-to-equity ratio		0.46	0.49	0.49	0.47	0.50	0.56	0.88	1.33	1.26	1.45	1.42	1.30	1.06	0.78	0.77	0.74	0.68	0.65	0.70	0.74

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $992,614K ÷ $2,155,150K
= 0.46

The debt-to-equity ratio of Talos Energy Inc has been fluctuating over the last eight quarters. The trend shows a decrease in the ratio from 1.34 in Q1 2022 to 0.48 in Q4 2023, suggesting a reduction in the company's reliance on debt financing relative to equity. However, the ratio has shown some variability throughout this period, with slight increases in Q3 2022 and Q3 2023. Overall, the company appears to have maintained a relatively healthy balance between debt and equity financing, with the ratio consistently below 1, which indicates that the company has more equity than debt in its capital structure.