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 Coterra Energy's Debt-to-Equity or its related term are showing as below:
CTRA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.67 Max: 2.03
Current: 0.28
During the past 13 years, the highest Debt-to-Equity Ratio of Coterra Energy was 2.03. The lowest was 0.20. And the median was 0.67.
CTRA's Debt-to-Equity is ranked better than 65.74% of 823
companies
in the Oil & Gas industry
Industry Median: 0.48
vs CTRA: 0.28
Coterra Energy Debt-to-Equity Historical Data
The historical data trend for Coterra Energy'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.
Coterra Energy Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.60
0.59
0.58
0.53
0.30
Coterra Energy Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.47
0.42
0.30
0.29
0.28
Competitive Comparison
For the Oil & Gas E&P subindustry, Coterra Energy'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.
Coterra Energy Debt-to-Equity Distribution
For the Oil & Gas industry and Energy sector, Coterra Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Coterra Energy's Debt-to-Equity falls into.
Coterra Energy Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Coterra Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Coterra Energy (NYSE:CTRA) Debt-to-Equity Explanation
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.
Coterra Energy Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Coterra Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Coterra is an independent exploration and production company with operations in Appalachia and the Permian Basin. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2021, Coterra's proved reserves were 2.9 billion barrels of oil equivalent, with net production that year of approximately 431 million barrels of oil equivalent per day (of which 70% was natural gas).
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