Civitas Resources (FRA:B2C) Debt-to-Asset : 0.29 (As of Mar. 2024)

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What is Civitas Resources Debt-to-Asset?

Civitas Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. Civitas Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4,083 Mil. Civitas Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €13,877 Mil. Civitas Resources's debt to asset for the quarter that ended in Mar. 2024 was 0.29.

Civitas Resources Debt-to-Asset Historical Data

The historical data trend for Civitas Resources'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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Civitas Resources Debt-to-Asset Chart

Civitas Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.03

0.08

0.06

0.35

Civitas Resources 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															0.06	0.31	0.30	0.35	0.29

Competitive Comparison of Civitas Resources's Debt-to-Asset

For the Oil & Gas E&P subindustry, Civitas Resources'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.

Civitas Resources's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Civitas Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Civitas Resources'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
	=	(115.286	+	4434.586)	/	12927.242
	=	0.35

Civitas Resources'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	+	4082.614)	/	13877.301
	=	0.29

Civitas Resources (FRA:B2C) 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.

Civitas Resources Debt-to-Asset Related Terms

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Civitas Resources (FRA:B2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (FRA:B2C) » Definitions » Debt-to-Asset

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CIVI:USA

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

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