CRK (Comstock Resources) LT-Debt-to-Total-Asset : 0.47 (As of Dec. 2024)

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What is Comstock Resources LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Comstock Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.47.

Comstock Resources's long-term debt to total assets ratio increased from Dec. 2023 (0.43) to Dec. 2024 (0.47). It may suggest that Comstock Resources is progressively becoming more dependent on debt to grow their business.

Comstock Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Comstock Resources's LT-Debt-to-Total-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.

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Comstock Resources LT-Debt-to-Total-Asset Chart

Comstock Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.55

0.56

0.39

0.43

0.47

Comstock Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.44	0.46	0.48	0.47

Comstock Resources LT-Debt-to-Total-Asset Calculation

Comstock Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	2989.83	/	6382.097
	=	0.47

Comstock Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	2989.83	/	6382.097
	=	0.47

Comstock Resources (NYSE:CRK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Comstock Resources LT-Debt-to-Total-Asset Related Terms

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Comstock Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Comstock Resources Inc (NYSE:CRK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CX91:Germany

Address

5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034

Website

https://www.comstockresources.com

Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.

Executives

Elizabeth B Davis	director	5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Arkoma Drilling, L.p.	10 percent owner	5950 BERKSHIRE LANE, SUITE 1400, DALLAS TX 75225
Blue Star Exploration Corp	10 percent owner	ONE COWBOYS WAY, FRISCO TX 75034
Roland O Burns	director, officer: Sr. VP & CFO	5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Brian Christopher Claunch	officer: VP of Financial Reporting	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Patrick Mcgough	officer: Vice President of Operations	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jim L Turner	director	DEAN FOODS COMPANY, 2711 N. HASKELL AVE., SUITE 3400, DALLAS TX 75204
Morris E Foster	director	C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD., IRVING TX 75039-2298
Newell Clifford Doyle Iii	officer: VP of Corporate Development	5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
M Jay Allison	director, officer: Chairman & CEO	5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Kanaman Lori Ann Arendt	officer: VP of Marketing	5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Stuart D Porter	director, 10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Russell W Romoser	officer: VP of Reservoir Engineering	5300 TOWN AND COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Ronald Eugene Mills	officer: VP of Finance. and IR	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jordan Tatum Marye	director	700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002