Coterra Energy (Coterra Energy) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Coterra Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Coterra Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Coterra Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.12) to Dec. 2023 (0.09). It may suggest that Coterra Energy is progressively becoming less dependent on debt to grow their business.

Coterra Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coterra Energy's LT-Debt-to-Total-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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Coterra Energy LT-Debt-to-Total-Asset Chart

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.22

0.17

0.12

0.09

Coterra Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.12	0.09	0.09

Coterra Energy LT-Debt-to-Total-Asset Calculation

Coterra Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1829	/	20415
	=	0.09

Coterra Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1829	/	20415
	=	0.09

Coterra Energy (NYSE:CTRA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Coterra Energy LT-Debt-to-Total-Asset Related Terms

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Coterra Energy (Coterra Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (NYSE:CTRA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

COG:Mexico XCQ:Germany XCQ:Germany C1OG34:Brazil

Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

Executives

Thomas E Jorden	director, officer: CEO and President	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Dan O Dinges	director	PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Andrea Alexander	officer: SVP & Chief HR Officer	C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201
Young, Iii Shannon E.	officer: EVP & Chief Financial Officer	COBALT CENTER, 920 MEMORIAL CITY WAY, SUITE 100, HOUSTON TX 77024
Michael D. Deshazer	officer: VP - Business Units	THREE MEMORIAL CITY PLAZA, 840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Scott C Schroeder	officer: Executive Vice President & CFO	CABOT OIL & GAS CORPORATION, PO BOX 4544, HOUSTON TX 77210-4544
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Adam M Vela	officer: VP & General Counsel	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Blake A Sirgo	officer: SVP - Operations	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Stephen P Bell	officer: Ex VP	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Steven W Lindeman	officer: Sr. Vice Pres, South Reg & Eng	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Francis Brian Barron	officer: Sr VP - General Counsel	1099 18TH STREET, SUITE 2300, DENVER CO 80202
Gary J. Hlavinka	officer: Vice President, (MBU)	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Christopher Clason	officer: SVP and Chief HR Officer	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Todd M Roemer	officer: Controller	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024