Crescent Energy Co (Crescent Energy Co) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Crescent Energy Co Debt-to-Equity?

Crescent Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $76 Mil. Crescent Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,755 Mil. Crescent Energy Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,971 Mil. Crescent Energy Co's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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 Crescent Energy Co's Debt-to-Equity or its related term are showing as below:

CRGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 1.25 Max: 4.02
Current: 0.93

During the past 6 years, the highest Debt-to-Equity Ratio of Crescent Energy Co was 4.02. The lowest was 0.29. And the median was 1.25.

CRGY's Debt-to-Equity is ranked worse than
72.61% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs CRGY: 0.93

Crescent Energy Co Debt-to-Equity Historical Data

The historical data trend for Crescent Energy Co'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.

Crescent Energy Co Debt-to-Equity Chart

Crescent Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.29

1.60

1.55

1.04

Crescent Energy Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												1.45	0.96	1.25	1.04	0.93

Competitive Comparison of Crescent Energy Co's Debt-to-Equity

For the Oil & Gas E&P subindustry, Crescent Energy Co'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.

Crescent Energy Co's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Crescent Energy Co's Debt-to-Equity falls into.

Crescent Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crescent Energy Co'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
	=	(63.08	+	1701.441)	/	1704.823
	=	1.04

Crescent Energy Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(76.176	+	1755.413)	/	1970.812
	=	0.93

Crescent Energy Co (NYSE:CRGY) 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.

Crescent Energy Co Debt-to-Equity Related Terms

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Crescent Energy Co (Crescent Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Crescent Energy Co (NYSE:CRGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Travis Street, Suite 7200, Houston, TX, USA, 77002

Website

https://www.crescentenergyco.com

Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non?operated assets, mineral and royalty interests, and midstream infrastructure.

Executives

David C. Rockecharlie	director, officer: Chief Executive Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Brandi Kendall	director, officer: Chief Financial Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Independence Energy Aggregator L.p.	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Todd Falk	officer: Chief Accounting Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Bo Shi	officer: See Remarks	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
John Clayton Rynd	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Teacher Retirement System Of Texas	10 percent owner	1000 RED RIVER STREET, AUSTIN TX 78701
Benjamin Conner	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Co. Inc.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Bevin Brown	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Erich Bobinsky	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Assets Holdings Iii L.p.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001