Continental Resources (Continental Resources) Debt-to-Equity : 0.64 (As of Sep. 2022)

View and export this data going back to 2007. Start your Free Trial

What is Continental Resources Debt-to-Equity?

Continental Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $642 Mil. Continental Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $5,684 Mil. Continental Resources's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $9,935 Mil. Continental Resources's debt to equity for the quarter that ended in Sep. 2022 was 0.64.

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

CLR's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Continental Resources Debt-to-Equity Historical Data

The historical data trend for Continental Resources'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.

Continental Resources Debt-to-Equity Chart

Continental Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

Get a 7-Day Free Trial

1.24

0.94

0.79

0.92

Continental Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.92	0.84	0.70	0.64

Competitive Comparison of Continental Resources's Debt-to-Equity

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

Continental Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Continental Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Continental Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(4	+	6840.366)	/	7475.456
	=	0.92

Continental Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(641.849	+	5683.933)	/	9935.193
	=	0.64

Continental Resources (NYSE:CLR) 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.

Continental Resources Debt-to-Equity Related Terms

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

Continental Resources (Continental Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Continental Resources Inc (NYSE:CLR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 North Broadway, Oklahoma City, OK, USA, 73102

Website

https://www.clr.com

Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs.

Executives

Timothy Garth Taylor	director	P.O. BOX 268836, OKLAHOMA CITY OK 73102
Robert Hagens	officer: SVP, Land	P.O. BOX 268836, 20 N. BROADWAY, OKLAHOMA CITY OK 73126
James R Webb	officer: SVP, GC & Secretary	20 N. BROADWAY, OKLAHOMA CITY OK 73102
Robert D. Lawler	officer: President & COO	6100 N WESTERN AVE, OKLAHOMA CITY OK 73118
Mcnabb John T Ii	director	17 EASTWOOD ROAD, ASHEVILLE NC 28803
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Mark E Monroe	director	7130 S LEWIS 10TH FL, TULSA OK 74136
John D Hart	director, officer: CFO, EVP of Strategic Planning	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
William B Berry	director, officer: Chief Executive Officer	C/O WILBROS USA, INC., 4400 POST OAK PARKWAY, STE. 1000, HOUSTON TX 77027
Jeff B Hume	officer: Vice Chairman of SGI	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Jack H Stark	director, officer: Sr. V.P. Exploration	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Harold Hamm	director, 10 percent owner, officer: CEO & Chairman	20 N. BROADWAY, SUITE 1410, OKLAHOMA CITY OK 73102
Harold Thomas Hamm	director, 10 percent owner, other: Member of 10% owner group (5)	P.O. BOX 1295, OKLAHOMA CITY OK 73701
Shelly Lambertz	director, 10 percent owner	PO BOX 268836, OKLAHOMA CITY OK 73126
Jane Hamm 2005 Irrevocable Trust	10 percent owner, other: Member of 10% owner group(2)	P.O. BOX 1295, OKLAHOMA CITY OK 73101-1295