Vital Energy Inc. (VTLE)

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 2,454,240 2,433,270 1,662,260 2,097,040 1,609,420 1,926,970 1,619,600 1,163,810 1,113,020 1,181,580 1,291,240 1,421,820 1,425,860 1,349,900 1,306,110 1,145,370 1,179,270 1,218,950 1,258,160 1,257,380
Total assets US$ in thousands 5,878,950 6,251,010 5,263,210 5,661,900 5,149,580 4,426,250 3,815,430 2,943,240 2,726,110 2,805,920 2,873,010 2,726,330 2,551,820 2,258,970 1,786,810 1,474,900 1,442,610 1,581,320 1,870,590 531,190
Debt-to-assets ratio 0.42 0.39 0.32 0.37 0.31 0.44 0.42 0.40 0.41 0.42 0.45 0.52 0.56 0.60 0.73 0.78 0.82 0.77 0.67 2.37

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,454,240K ÷ $5,878,950K
= 0.42

The debt-to-assets ratio of Vital Energy Inc. has shown a declining trend over the past several quarters, reflecting a decreasing proportion of debt relative to its total assets. From a high of 2.37 as of March 31, 2020, the ratio decreased steadily to 0.42 as of December 31, 2024. This suggests that the company has been effectively managing its debt levels in relation to its overall asset base. The downward trend implies a potential improvement in the company's financial risk profile and could indicate a stronger balance sheet position. However, it is important to monitor this ratio in conjunction with other financial metrics to assess the company's overall financial health.