Diamondback Energy (BSP:F1AN34) Debt-to-Asset : 0.22 (As of Mar. 2024)

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What is Diamondback Energy Debt-to-Asset?

Diamondback Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$0 Mil. Diamondback Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$33,011 Mil. Diamondback Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was R$147,850 Mil. Diamondback Energy's debt to asset for the quarter that ended in Mar. 2024 was 0.22.

Diamondback Energy Debt-to-Asset Historical Data

The historical data trend for Diamondback Energy's Debt-to-Asset 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.

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Diamondback Energy Debt-to-Asset Chart

Diamondback Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.34

0.30

0.24

Diamondback Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.25	0.24	0.22	0.24	0.22

Competitive Comparison of Diamondback Energy's Debt-to-Asset

For the Oil & Gas E&P subindustry, Diamondback Energy's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Diamondback Energy's Debt-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Diamondback Energy's Debt-to-Asset falls into.

Diamondback Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Diamondback Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(783.968	+	32539.572)	/	142099.1
	=	0.23

Diamondback Energy's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	33011.094)	/	147850.262
	=	0.22

Diamondback Energy (BSP:F1AN34) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Diamondback Energy Debt-to-Asset Related Terms

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Diamondback Energy (BSP:F1AN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (BSP:F1AN34) » Definitions » Debt-to-Asset

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Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.diamondbackenergy.com

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.

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