Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Diamondback Energy Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Diamondback Energy Inc. debt to equity ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Diamondback Energy Inc. debt to capital ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Diamondback Energy Inc. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Diamondback Energy Inc. financial leverage ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Equity
Diamondback Energy Inc., debt to equity calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current maturities of long-term debt | 10) | 55) | 45) | 45) | 20) | —) | 191) | 191) | 191) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current maturities | 5,347) | 5,401) | 5,803) | 6,642) | 6,925) | 7,360) | 7,465) | 5,624) | 5,656) | 5,952) | 5,677) | 5,371) | 4,761) | 4,472) | 4,670) | 4,464) | 2,332) | 1,967) | 1,702) | 1,477) | 1,256) | 1,152) | 986) | |||||||
| Total debt | 5,357) | 5,456) | 5,848) | 6,687) | 6,945) | 7,360) | 7,656) | 5,815) | 5,847) | 5,952) | 5,677) | 5,371) | 4,761) | 4,472) | 4,670) | 4,464) | 2,332) | 1,967) | 1,702) | 1,477) | 1,256) | 1,152) | 986) | |||||||
| Total Diamondback Energy, Inc. stockholders’ equity | 13,843) | 13,316) | 12,743) | 12,088) | 11,483) | 10,926) | 10,673) | 8,794) | 9,552) | 10,714) | 12,826) | 13,249) | 14,050) | 14,004) | 13,773) | 13,699) | 5,933) | 5,631) | 5,417) | 5,255) | 4,899) | 4,818) | 4,652) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to equity1 | 0.39 | 0.41 | 0.46 | 0.55 | 0.60 | 0.67 | 0.72 | 0.66 | 0.61 | 0.56 | 0.44 | 0.41 | 0.34 | 0.32 | 0.34 | 0.33 | 0.39 | 0.35 | 0.31 | 0.28 | 0.26 | 0.24 | 0.21 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 0.15 | 0.17 | 0.20 | 0.23 | 0.27 | 0.32 | 0.34 | 0.34 | 0.26 | 0.25 | 0.22 | 0.19 | 0.21 | 0.20 | 0.21 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.35 | 0.34 | 0.38 | 0.44 | 0.45 | 0.45 | 0.46 | 0.51 | 0.50 | 0.48 | 0.48 | 0.43 | 0.42 | 0.45 | 0.45 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.24 | 0.26 | 0.28 | 0.28 | 0.35 | 0.38 | 0.40 | 0.43 | 0.39 | 0.39 | 0.33 | 0.24 | 0.25 | 0.24 | 0.21 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.02 | 1.02 | 1.11 | 0.97 | 0.97 | 0.98 | 1.50 | 1.42 | 1.42 | 1.35 | 1.31 | 0.86 | 0.85 | 0.83 | 0.83 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.73 | 0.80 | 1.06 | 1.46 | 1.68 | 1.97 | 1.97 | 1.95 | 1.94 | 1.65 | 1.23 | 1.13 | 1.32 | 0.48 | 0.49 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.53 | 0.61 | 0.70 | 0.75 | 0.81 | 0.83 | 0.82 | 0.78 | 0.79 | 0.64 | 0.61 | 0.44 | 0.45 | 0.44 | 0.47 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Debt to equity = Total debt ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 5,357 ÷ 13,843 = 0.39
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Diamondback Energy Inc. debt to equity ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Capital
Diamondback Energy Inc., debt to capital calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current maturities of long-term debt | 10) | 55) | 45) | 45) | 20) | —) | 191) | 191) | 191) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current maturities | 5,347) | 5,401) | 5,803) | 6,642) | 6,925) | 7,360) | 7,465) | 5,624) | 5,656) | 5,952) | 5,677) | 5,371) | 4,761) | 4,472) | 4,670) | 4,464) | 2,332) | 1,967) | 1,702) | 1,477) | 1,256) | 1,152) | 986) | |||||||
| Total debt | 5,357) | 5,456) | 5,848) | 6,687) | 6,945) | 7,360) | 7,656) | 5,815) | 5,847) | 5,952) | 5,677) | 5,371) | 4,761) | 4,472) | 4,670) | 4,464) | 2,332) | 1,967) | 1,702) | 1,477) | 1,256) | 1,152) | 986) | |||||||
| Total Diamondback Energy, Inc. stockholders’ equity | 13,843) | 13,316) | 12,743) | 12,088) | 11,483) | 10,926) | 10,673) | 8,794) | 9,552) | 10,714) | 12,826) | 13,249) | 14,050) | 14,004) | 13,773) | 13,699) | 5,933) | 5,631) | 5,417) | 5,255) | 4,899) | 4,818) | 4,652) | |||||||
| Total capital | 19,200) | 18,772) | 18,591) | 18,775) | 18,428) | 18,286) | 18,329) | 14,609) | 15,399) | 16,666) | 18,503) | 18,620) | 18,811) | 18,476) | 18,443) | 18,164) | 8,266) | 7,599) | 7,119) | 6,732) | 6,155) | 5,969) | 5,638) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to capital1 | 0.28 | 0.29 | 0.31 | 0.36 | 0.38 | 0.40 | 0.42 | 0.40 | 0.38 | 0.36 | 0.31 | 0.29 | 0.25 | 0.24 | 0.25 | 0.25 | 0.28 | 0.26 | 0.24 | 0.22 | 0.20 | 0.19 | 0.17 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 0.13 | 0.15 | 0.17 | 0.18 | 0.22 | 0.24 | 0.26 | 0.25 | 0.21 | 0.20 | 0.18 | 0.16 | 0.17 | 0.16 | 0.18 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.33 | 0.32 | 0.32 | 0.30 | 0.30 | 0.31 | 0.31 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.20 | 0.21 | 0.22 | 0.22 | 0.26 | 0.28 | 0.29 | 0.30 | 0.28 | 0.28 | 0.25 | 0.20 | 0.20 | 0.19 | 0.18 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.50 | 0.50 | 0.53 | 0.49 | 0.49 | 0.49 | 0.60 | 0.59 | 0.59 | 0.58 | 0.57 | 0.46 | 0.46 | 0.45 | 0.45 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.42 | 0.44 | 0.51 | 0.59 | 0.63 | 0.66 | 0.66 | 0.66 | 0.66 | 0.62 | 0.55 | 0.53 | 0.57 | 0.32 | 0.33 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.35 | 0.38 | 0.41 | 0.43 | 0.45 | 0.45 | 0.45 | 0.44 | 0.44 | 0.39 | 0.38 | 0.31 | 0.31 | 0.31 | 0.32 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,357 ÷ 19,200 = 0.28
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Diamondback Energy Inc. debt to capital ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Assets
Diamondback Energy Inc., debt to assets calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current maturities of long-term debt | 10) | 55) | 45) | 45) | 20) | —) | 191) | 191) | 191) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current maturities | 5,347) | 5,401) | 5,803) | 6,642) | 6,925) | 7,360) | 7,465) | 5,624) | 5,656) | 5,952) | 5,677) | 5,371) | 4,761) | 4,472) | 4,670) | 4,464) | 2,332) | 1,967) | 1,702) | 1,477) | 1,256) | 1,152) | 986) | |||||||
| Total debt | 5,357) | 5,456) | 5,848) | 6,687) | 6,945) | 7,360) | 7,656) | 5,815) | 5,847) | 5,952) | 5,677) | 5,371) | 4,761) | 4,472) | 4,670) | 4,464) | 2,332) | 1,967) | 1,702) | 1,477) | 1,256) | 1,152) | 986) | |||||||
| Total assets | 23,843) | 23,448) | 23,331) | 22,898) | 22,639) | 22,335) | 21,996) | 17,619) | 18,760) | 20,337) | 23,386) | 23,531) | 23,553) | 23,171) | 22,268) | 21,596) | 9,807) | 8,954) | 8,225) | 7,771) | 7,288) | 6,784) | 6,370) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Debt to assets1 | 0.22 | 0.23 | 0.25 | 0.29 | 0.31 | 0.33 | 0.35 | 0.33 | 0.31 | 0.29 | 0.24 | 0.23 | 0.20 | 0.19 | 0.21 | 0.21 | 0.24 | 0.22 | 0.21 | 0.19 | 0.17 | 0.17 | 0.15 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 0.09 | 0.10 | 0.12 | 0.13 | 0.16 | 0.18 | 0.19 | 0.18 | 0.16 | 0.15 | 0.14 | 0.11 | 0.13 | 0.12 | 0.13 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.18 | 0.18 | 0.20 | 0.22 | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.23 | 0.21 | 0.21 | 0.21 | 0.21 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.19 | 0.20 | 0.19 | 0.19 | 0.17 | 0.13 | 0.13 | 0.13 | 0.11 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.30 | 0.28 | 0.29 | 0.30 | 0.31 | 0.30 | 0.37 | 0.37 | 0.38 | 0.38 | 0.37 | 0.29 | 0.29 | 0.29 | 0.29 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.29 | 0.30 | 0.36 | 0.39 | 0.42 | 0.45 | 0.45 | 0.45 | 0.46 | 0.43 | 0.38 | 0.35 | 0.38 | 0.23 | 0.23 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.20 | 0.20 | 0.22 | 0.24 | 0.26 | 0.26 | 0.27 | 0.28 | 0.29 | 0.26 | 0.24 | 0.18 | 0.19 | 0.18 | 0.19 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 5,357 ÷ 23,843 = 0.22
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Diamondback Energy Inc. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Financial Leverage
Diamondback Energy Inc., financial leverage calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Total assets | 23,843) | 23,448) | 23,331) | 22,898) | 22,639) | 22,335) | 21,996) | 17,619) | 18,760) | 20,337) | 23,386) | 23,531) | 23,553) | 23,171) | 22,268) | 21,596) | 9,807) | 8,954) | 8,225) | 7,771) | 7,288) | 6,784) | 6,370) | |||||||
| Total Diamondback Energy, Inc. stockholders’ equity | 13,843) | 13,316) | 12,743) | 12,088) | 11,483) | 10,926) | 10,673) | 8,794) | 9,552) | 10,714) | 12,826) | 13,249) | 14,050) | 14,004) | 13,773) | 13,699) | 5,933) | 5,631) | 5,417) | 5,255) | 4,899) | 4,818) | 4,652) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||||
| Financial leverage1 | 1.72 | 1.76 | 1.83 | 1.89 | 1.97 | 2.04 | 2.06 | 2.00 | 1.96 | 1.90 | 1.82 | 1.78 | 1.68 | 1.65 | 1.62 | 1.58 | 1.65 | 1.59 | 1.52 | 1.48 | 1.49 | 1.41 | 1.37 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 1.64 | 1.68 | 1.70 | 1.72 | 1.77 | 1.82 | 1.83 | 1.82 | 1.69 | 1.67 | 1.64 | 1.65 | 1.65 | 1.64 | 1.66 | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 1.94 | 2.10 | 2.05 | 2.00 | 2.08 | 2.02 | 2.00 | 2.16 | 2.18 | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.99 | 2.07 | 2.10 | 2.01 | 2.10 | 2.13 | 2.13 | 2.12 | 2.02 | 2.01 | 1.95 | 1.89 | 1.89 | 1.88 | 1.86 | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 3.41 | 3.68 | 3.79 | 3.26 | 3.16 | 3.26 | 4.01 | 3.84 | 3.74 | 3.56 | 3.58 | 2.93 | 2.91 | 2.83 | 2.84 | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 2.51 | 2.67 | 2.98 | 3.69 | 4.01 | 4.38 | 4.34 | 4.31 | 4.25 | 3.83 | 3.25 | 3.19 | 3.48 | 2.10 | 2.09 | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 2.71 | 3.07 | 3.21 | 3.14 | 3.13 | 3.14 | 3.01 | 2.75 | 2.69 | 2.47 | 2.53 | 2.47 | 2.43 | 2.44 | 2.44 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Financial leverage = Total assets ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 23,843 ÷ 13,843 = 1.72
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Diamondback Energy Inc. financial leverage ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |