Cimarex Energy Co (Cimarex Energy Co) Debt-to-Equity : 1.05 (As of Sep. 2021)

View and export this data going back to 2002. Start your Free Trial

What is Cimarex Energy Co Debt-to-Equity?

Cimarex Energy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $59 Mil. Cimarex Energy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $2,088 Mil. Cimarex Energy Co's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $2,048 Mil. Cimarex Energy Co's debt to equity for the quarter that ended in Sep. 2021 was 1.05.

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

XEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 1.37
Current: 1.2

During the past 13 years, the highest Debt-to-Equity Ratio of Cimarex Energy Co was 1.37. The lowest was 0.01. And the median was 0.25.

XEC's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs XEC: 1.20

Cimarex Energy Co Debt-to-Equity Historical Data

The historical data trend for Cimarex 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.

Cimarex Energy Co Debt-to-Equity Chart

Cimarex Energy Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

Get a 7-Day Free Trial

0.73

0.58

0.45

0.61

1.37

Cimarex Energy Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															1.35	1.37	1.28	1.20	1.05

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

For the Oil & Gas E&P subindustry, Cimarex 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.

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

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

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

Cimarex Energy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cimarex Energy Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(59.051	+	2122.004)	/	1590.235
	=	1.37

Cimarex Energy Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(58.953	+	2088.439)	/	2048.36
	=	1.05

Cimarex Energy Co (NYSE:XEC) 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.

Cimarex Energy Co Debt-to-Equity Related Terms

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

Cimarex Energy Co (Cimarex Energy Co) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 3700, Denver, CO, USA, 80203

Website

https://www.cimarex.com

Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.

Executives

John Lambuth	officer: SVP-Exploration	C/O CIMAREX ENERGY CO 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
Joseph R Albi	director, other: Former Executive VP, COO	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
G Mark Burford	officer: SVP & Chief Financial Officer	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
Blake A Sirgo	officer: VP-Operations	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Logan Harold R Jr	director
Francis Brian Barron	officer: Sr VP-General Counsel	1099 18TH STREET, SUITE 2300, DENVER CO 80202
Monroe W Robertson	director	C/O CIMAREX ENERGY CO. 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
David A Hentschel	director	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Sullivan Michael J/co	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Thomas F Mccoy	officer: SVP-Production	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Kathleen A Hogenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Paul Eckley	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Frances M Vallejo	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404