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Mach Natural Resources LP (Mach Natural Resources LP) Debt-to-Equity : 0.69 (As of Dec. 2023)


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What is Mach Natural Resources LP Debt-to-Equity?

Mach Natural Resources LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $72.6 Mil. Mach Natural Resources LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $751.8 Mil. Mach Natural Resources LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,191.7 Mil. Mach Natural Resources LP's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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 Mach Natural Resources LP's Debt-to-Equity or its related term are showing as below:

MNR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17   Med: 0.31   Max: 0.69
Current: 0.69

During the past 3 years, the highest Debt-to-Equity Ratio of Mach Natural Resources LP was 0.69. The lowest was 0.17. And the median was 0.31.

MNR's Debt-to-Equity is ranked worse than
63.99% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs MNR: 0.69

Mach Natural Resources LP Debt-to-Equity Historical Data

The historical data trend for Mach Natural Resources LP'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.

Mach Natural Resources LP Debt-to-Equity Chart

Mach Natural Resources LP Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.31 0.17 0.69

Mach Natural Resources LP Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial N/A 0.17 0.08 0.14 0.69

Competitive Comparison of Mach Natural Resources LP's Debt-to-Equity

For the Oil & Gas E&P subindustry, Mach Natural Resources LP'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.

Mach Natural Resources LP's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Mach Natural Resources LP's Debt-to-Equity falls into.


Mach Natural Resources LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mach Natural Resources LP'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
=(72.64 + 751.845) / 1191.724
=0.69

Mach Natural Resources LP'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
=(72.64 + 751.845) / 1191.724
=0.69

* 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.

Mach Natural Resources LP  (NYSE:MNR) 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.

Mach Natural Resources LP Debt-to-Equity Related Terms

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

Mach Natural Resources LP (Mach Natural Resources LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Debt-to-Equity
Comparable Companies
TALO STR ESTE HPK KRP HHRS NEXT VTLE DMLP CRGY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Website
https://www.machresources.com
Mach Natural Resources LP is an independent upstream oil and gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134