Murphy Oil (Murphy Oil) Debt-to-Equity

: 0.39 (As of Dec. 2023)

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Murphy Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $209 Mil. Murphy Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,880 Mil. Murphy Oil's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,363 Mil. Murphy Oil's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Murphy Oil's Debt-to-Equity or its related term are showing as below:

MUR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.62 Max: 0.93
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Murphy Oil was 0.93. The lowest was 0.35. And the median was 0.62.

MUR's Debt-to-Equity is ranked better than
54.1% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs MUR: 0.39

Murphy Oil Debt-to-Equity Historical Data

The historical data trend for Murphy Oil'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.

Murphy Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.93

0.81

0.56

0.39

Murphy Oil 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															0.56	0.53	0.52	0.45	0.39

Competitive Comparison

For the Oil & Gas E&P subindustry, Murphy Oil'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.

Murphy Oil Debt-to-Equity Distribution

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

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

Murphy Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Murphy Oil'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
	=	(208.563	+	1880.197)	/	5362.794
	=	0.39

Murphy Oil'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
	=	(208.563	+	1880.197)	/	5362.794
	=	0.39

Murphy Oil (NYSE:MUR) 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.

Murphy Oil Debt-to-Equity Related Terms

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

Murphy Oil (Murphy Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Murphy Oil Corp (NYSE:MUR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MUR:Mexico MUQ:Germany

Address

9805 Katy Freeway, Suite G-200, Houston, TX, USA, 77024

Website

https://www.murphyoilcorp.com

Murphy Oil is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2022, the company reported net proved reserves of 697 million barrels of oil equivalent. Consolidated 62% oil and natural gas liquids and 38% natural gas.

Executives

Elisabeth W Keller	director	300 PEACH ST., EL DORADO AR 71730
Robert Madison Murphy	director	200 NORTH JEFFERSON SUITE 400, EL DODRADO AR 71730
John B Gardner	officer: Treasurer	200 PEACH ST, EL DORADO AR 71730
Thomas J Mireles	officer: Vice President	200 PEACH STREET, P O BOX 7000, EL DORADO AR 71730
Paul D. Vaughan	officer: Vice President & Controller	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Meenambigai Palanivelu	officer: Vice President	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Daniel R Hanchera	officer: Senior Vice President	9805 KATY FREEWAY G-200, HOUSTON TX 77024
Eric M Hambly	officer: Executive Vice President	300 PEACH STREET, EL DORADO AR 71730
Roger W. Jenkins	officer: Executive Vice President	200 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Kelly L Whitley	officer: Vice President	200 PEACH ST., EL DORADO AR 71730
Louis W Utsch	officer: Vice President	300 PEACH STREET, P.O. BOX 7000, EL DORADO AR 71730
Maria A Martinez	officer: Vice President	300 PEACH STREET, EL DORADO AR 71730
T Jay Collins	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
Leyster L. Jumawan	officer: Vice President & Treasurer	9805 KATY FREEWAY G-200, HOUSTON TX 77024
E Ted Botner	officer: Secretary	200 PEACH ST, EL DORADO AR 71730