Coterra Energy (FRA:XCQ) Debt-to-Asset : 0.12 (As of Dec. 2023)

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What is Coterra Energy Debt-to-Asset?

Coterra Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €639 Mil. Coterra Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,677 Mil. Coterra Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €18,721 Mil. Coterra Energy's debt to asset for the quarter that ended in Dec. 2023 was 0.12.

Coterra Energy Debt-to-Asset Historical Data

The historical data trend for Coterra Energy's Debt-to-Asset 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 Debt-to-Asset Chart

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.28

0.26

0.17

0.13

0.12

Coterra Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.13	0.13	0.13	0.13	0.12

Competitive Comparison of Coterra Energy's Debt-to-Asset

For the Oil & Gas E&P subindustry, Coterra Energy's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Coterra Energy's Debt-to-Asset falls into.

Coterra Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Coterra Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(639.149	+	1677.193)	/	18720.555
	=	0.12

Coterra Energy's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(639.149	+	1677.193)	/	18720.555
	=	0.12

Coterra Energy (FRA:XCQ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Coterra Energy Debt-to-Asset Related Terms

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Coterra Energy (FRA:XCQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (FRA:XCQ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CTRA:USA COG:Mexico XCQ:Germany C1OG34:Brazil

Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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