EOG Resources (LTS:0IDR) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is EOG Resources Debt-to-Equity?

EOG Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $359 Mil. EOG Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,441 Mil. EOG Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $28,090 Mil. EOG Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for EOG Resources's Debt-to-Equity or its related term are showing as below:

LTS:0IDR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.32 Max: 0.51
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of EOG Resources was 0.51. The lowest was 0.17. And the median was 0.32.

LTS:0IDR's Debt-to-Equity is ranked better than
74.46% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs LTS:0IDR: 0.17

EOG Resources Debt-to-Equity Historical Data

The historical data trend for EOG Resources's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

EOG Resources Debt-to-Equity Chart

EOG Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.33

0.27

0.24

0.17

EOG Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.16	0.16	0.15	0.17

Competitive Comparison of EOG Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, EOG Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

EOG Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EOG Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EOG Resources's Debt-to-Equity falls into.

EOG Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EOG Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(359	+	4441)	/	28090
	=	0.17

EOG Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(359	+	4441)	/	28090
	=	0.17

EOG Resources (LTS:0IDR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

EOG Resources Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of EOG Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

EOG Resources (LTS:0IDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (LTS:0IDR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EOG:USA EOG:Mexico EO5:Germany E1OG34:Brazil EOGR:Austria

Address

1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002

Website

https://www.eogresources.com

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

EOG Resources (LTS:0IDR) Headlines

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