Viper Energy Ut (VNOM)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,014,290 | 690,659 | 2,232,830 | 1,860,830 | 2,185,420 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,014,290K
= 0.00
Based on the provided data for Viper Energy Ut, the debt-to-equity ratio has consistently been reported as 0.00 for the last five years, from 2019 to 2023. A debt-to-equity ratio of 0.00 indicates that the company has no long-term debt and is solely funded by equity. This suggests that Viper Energy Ut has been operating with a capital structure where there is no debt financing in relation to its equity.
A debt-to-equity ratio of 0.00 may indicate that the company follows a conservative financial strategy, avoiding taking on debt to fund its operations and growth. This could be viewed positively by investors and creditors, as it implies lower financial risk and potential for financial distress. However, it is essential to consider the industry norms and the company's specific circumstances when evaluating the significance of a debt-to-equity ratio of 0.00.
Overall, Viper Energy Ut's consistent debt-to-equity ratio of 0.00 reflects a financial structure primarily reliant on equity financing, which may have implications for the company's financial stability and growth prospects.
Peer comparison
Dec 31, 2023