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)
Pioneer Natural Resources Co., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Pioneer Natural Resources Co. financial leverage ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Pioneer Natural Resources Co. interest coverage ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity
Pioneer Natural Resources Co., debt to equity calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of debt | 28) | 44) | 311) | 814) | 779) | 986) | 1,117) | 244) | 244) | 244) | —) | —) | 140) | 140) | 139) | 499) | 450) | 450) | 449) | 449) | ||||||
| Long-term debt, excluding current portion | 4,807) | 4,880) | 5,010) | 5,094) | 4,125) | 4,228) | 4,576) | 5,446) | 6,688) | 6,685) | 6,926) | 6,177) | 3,160) | 3,148) | 2,054) | 2,140) | 1,839) | 1,838) | 1,837) | 1,836) | ||||||
| Total debt | 4,835) | 4,924) | 5,321) | 5,908) | 4,904) | 5,214) | 5,693) | 5,690) | 6,932) | 6,929) | 6,926) | 6,177) | 3,300) | 3,288) | 2,193) | 2,639) | 2,289) | 2,288) | 2,286) | 2,285) | ||||||
| Equity | 23,171) | 22,719) | 22,000) | 21,838) | 22,541) | 22,949) | 23,790) | 23,668) | 22,837) | 23,193) | 22,638) | 18,146) | 11,569) | 11,654) | 11,740) | 12,211) | 12,119) | 11,856) | 11,876) | 12,209) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 0.21 | 0.22 | 0.24 | 0.27 | 0.22 | 0.23 | 0.24 | 0.24 | 0.30 | 0.30 | 0.31 | 0.34 | 0.29 | 0.28 | 0.19 | 0.22 | 0.19 | 0.19 | 0.19 | 0.19 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.13 | 0.12 | 0.14 | 0.15 | 0.15 | 0.15 | 0.17 | 0.20 | 0.23 | 0.27 | 0.32 | 0.34 | 0.34 | 0.26 | 0.25 | 0.22 | — | — | — | — | ||||||
| ConocoPhillips | 0.38 | 0.40 | 0.35 | 0.35 | 0.35 | 0.35 | 0.34 | 0.38 | 0.44 | 0.45 | 0.45 | 0.46 | 0.51 | 0.50 | 0.48 | 0.48 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.24 | 0.26 | 0.28 | 0.28 | 0.35 | 0.38 | 0.40 | 0.43 | 0.39 | 0.39 | 0.33 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.65 | 0.68 | 0.68 | 0.67 | 0.66 | 0.73 | 0.80 | 1.06 | 1.46 | 1.68 | 1.97 | 1.97 | 1.95 | 1.94 | 1.65 | 1.23 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Debt to equity = Total debt ÷ Equity
= 4,835 ÷ 23,171 = 0.21
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. | Pioneer Natural Resources Co. debt to equity ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity (including Operating Lease Liability)
Pioneer Natural Resources Co., debt to equity (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of debt | 28) | 44) | 311) | 814) | 779) | 986) | 1,117) | 244) | 244) | 244) | —) | —) | 140) | 140) | 139) | 499) | 450) | 450) | 449) | 449) | ||||||
| Long-term debt, excluding current portion | 4,807) | 4,880) | 5,010) | 5,094) | 4,125) | 4,228) | 4,576) | 5,446) | 6,688) | 6,685) | 6,926) | 6,177) | 3,160) | 3,148) | 2,054) | 2,140) | 1,839) | 1,838) | 1,837) | 1,836) | ||||||
| Total debt | 4,835) | 4,924) | 5,321) | 5,908) | 4,904) | 5,214) | 5,693) | 5,690) | 6,932) | 6,929) | 6,926) | 6,177) | 3,300) | 3,288) | 2,193) | 2,639) | 2,289) | 2,288) | 2,286) | 2,285) | ||||||
| Operating lease liability, current | 175) | 156) | 145) | 138) | 125) | 128) | 123) | 113) | 121) | 115) | 123) | 125) | 100) | 99) | 110) | 128) | 136) | 139) | 141) | 145) | ||||||
| Operating lease liability, noncurrent | 248) | 245) | 243) | 252) | 236) | 246) | 222) | 222) | 243) | 220) | 238) | 258) | 110) | 113) | 124) | 146) | 170) | 183) | 195) | 217) | ||||||
| Total debt (including operating lease liability) | 5,258) | 5,325) | 5,709) | 6,298) | 5,265) | 5,588) | 6,038) | 6,025) | 7,296) | 7,264) | 7,287) | 6,560) | 3,510) | 3,500) | 2,427) | 2,913) | 2,595) | 2,610) | 2,622) | 2,647) | ||||||
| Equity | 23,171) | 22,719) | 22,000) | 21,838) | 22,541) | 22,949) | 23,790) | 23,668) | 22,837) | 23,193) | 22,638) | 18,146) | 11,569) | 11,654) | 11,740) | 12,211) | 12,119) | 11,856) | 11,876) | 12,209) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.23 | 0.23 | 0.26 | 0.29 | 0.23 | 0.24 | 0.25 | 0.25 | 0.32 | 0.31 | 0.32 | 0.36 | 0.30 | 0.30 | 0.21 | 0.24 | 0.21 | 0.22 | 0.22 | 0.22 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| Occidental Petroleum Corp. | 0.69 | 0.71 | 0.71 | 0.70 | 0.69 | 0.76 | 0.83 | 1.09 | 1.49 | 1.72 | 2.02 | 2.02 | 2.01 | 2.00 | 1.70 | 1.27 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Equity
= 5,258 ÷ 23,171 = 0.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Capital
Pioneer Natural Resources Co., debt to capital calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of debt | 28) | 44) | 311) | 814) | 779) | 986) | 1,117) | 244) | 244) | 244) | —) | —) | 140) | 140) | 139) | 499) | 450) | 450) | 449) | 449) | ||||||
| Long-term debt, excluding current portion | 4,807) | 4,880) | 5,010) | 5,094) | 4,125) | 4,228) | 4,576) | 5,446) | 6,688) | 6,685) | 6,926) | 6,177) | 3,160) | 3,148) | 2,054) | 2,140) | 1,839) | 1,838) | 1,837) | 1,836) | ||||||
| Total debt | 4,835) | 4,924) | 5,321) | 5,908) | 4,904) | 5,214) | 5,693) | 5,690) | 6,932) | 6,929) | 6,926) | 6,177) | 3,300) | 3,288) | 2,193) | 2,639) | 2,289) | 2,288) | 2,286) | 2,285) | ||||||
| Equity | 23,171) | 22,719) | 22,000) | 21,838) | 22,541) | 22,949) | 23,790) | 23,668) | 22,837) | 23,193) | 22,638) | 18,146) | 11,569) | 11,654) | 11,740) | 12,211) | 12,119) | 11,856) | 11,876) | 12,209) | ||||||
| Total capital | 28,006) | 27,643) | 27,321) | 27,746) | 27,445) | 28,163) | 29,483) | 29,358) | 29,769) | 30,122) | 29,564) | 24,323) | 14,869) | 14,942) | 13,933) | 14,850) | 14,408) | 14,144) | 14,162) | 14,494) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.17 | 0.18 | 0.19 | 0.21 | 0.18 | 0.19 | 0.19 | 0.19 | 0.23 | 0.23 | 0.23 | 0.25 | 0.22 | 0.22 | 0.16 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 | 0.15 | 0.17 | 0.18 | 0.22 | 0.24 | 0.26 | 0.25 | 0.21 | 0.20 | 0.18 | — | — | — | — | ||||||
| ConocoPhillips | 0.28 | 0.29 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.33 | 0.32 | 0.32 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.20 | 0.21 | 0.22 | 0.22 | 0.26 | 0.28 | 0.29 | 0.30 | 0.28 | 0.28 | 0.25 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.39 | 0.40 | 0.41 | 0.40 | 0.40 | 0.42 | 0.44 | 0.51 | 0.59 | 0.63 | 0.66 | 0.66 | 0.66 | 0.66 | 0.62 | 0.55 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,835 ÷ 28,006 = 0.17
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. | Pioneer Natural Resources Co. debt to capital ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Capital (including Operating Lease Liability)
Pioneer Natural Resources Co., debt to capital (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of debt | 28) | 44) | 311) | 814) | 779) | 986) | 1,117) | 244) | 244) | 244) | —) | —) | 140) | 140) | 139) | 499) | 450) | 450) | 449) | 449) | ||||||
| Long-term debt, excluding current portion | 4,807) | 4,880) | 5,010) | 5,094) | 4,125) | 4,228) | 4,576) | 5,446) | 6,688) | 6,685) | 6,926) | 6,177) | 3,160) | 3,148) | 2,054) | 2,140) | 1,839) | 1,838) | 1,837) | 1,836) | ||||||
| Total debt | 4,835) | 4,924) | 5,321) | 5,908) | 4,904) | 5,214) | 5,693) | 5,690) | 6,932) | 6,929) | 6,926) | 6,177) | 3,300) | 3,288) | 2,193) | 2,639) | 2,289) | 2,288) | 2,286) | 2,285) | ||||||
| Operating lease liability, current | 175) | 156) | 145) | 138) | 125) | 128) | 123) | 113) | 121) | 115) | 123) | 125) | 100) | 99) | 110) | 128) | 136) | 139) | 141) | 145) | ||||||
| Operating lease liability, noncurrent | 248) | 245) | 243) | 252) | 236) | 246) | 222) | 222) | 243) | 220) | 238) | 258) | 110) | 113) | 124) | 146) | 170) | 183) | 195) | 217) | ||||||
| Total debt (including operating lease liability) | 5,258) | 5,325) | 5,709) | 6,298) | 5,265) | 5,588) | 6,038) | 6,025) | 7,296) | 7,264) | 7,287) | 6,560) | 3,510) | 3,500) | 2,427) | 2,913) | 2,595) | 2,610) | 2,622) | 2,647) | ||||||
| Equity | 23,171) | 22,719) | 22,000) | 21,838) | 22,541) | 22,949) | 23,790) | 23,668) | 22,837) | 23,193) | 22,638) | 18,146) | 11,569) | 11,654) | 11,740) | 12,211) | 12,119) | 11,856) | 11,876) | 12,209) | ||||||
| Total capital (including operating lease liability) | 28,429) | 28,044) | 27,709) | 28,136) | 27,806) | 28,537) | 29,828) | 29,693) | 30,133) | 30,457) | 29,925) | 24,706) | 15,079) | 15,154) | 14,167) | 15,124) | 14,714) | 14,466) | 14,498) | 14,856) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.18 | 0.19 | 0.21 | 0.22 | 0.19 | 0.20 | 0.20 | 0.20 | 0.24 | 0.24 | 0.24 | 0.27 | 0.23 | 0.23 | 0.17 | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| Occidental Petroleum Corp. | 0.41 | 0.41 | 0.42 | 0.41 | 0.41 | 0.43 | 0.45 | 0.52 | 0.60 | 0.63 | 0.67 | 0.67 | 0.67 | 0.67 | 0.63 | 0.56 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,258 ÷ 28,429 = 0.18
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Assets
Pioneer Natural Resources Co., debt to assets calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of debt | 28) | 44) | 311) | 814) | 779) | 986) | 1,117) | 244) | 244) | 244) | —) | —) | 140) | 140) | 139) | 499) | 450) | 450) | 449) | 449) | ||||||
| Long-term debt, excluding current portion | 4,807) | 4,880) | 5,010) | 5,094) | 4,125) | 4,228) | 4,576) | 5,446) | 6,688) | 6,685) | 6,926) | 6,177) | 3,160) | 3,148) | 2,054) | 2,140) | 1,839) | 1,838) | 1,837) | 1,836) | ||||||
| Total debt | 4,835) | 4,924) | 5,321) | 5,908) | 4,904) | 5,214) | 5,693) | 5,690) | 6,932) | 6,929) | 6,926) | 6,177) | 3,300) | 3,288) | 2,193) | 2,639) | 2,289) | 2,288) | 2,286) | 2,285) | ||||||
| Total assets | 36,613) | 36,360) | 35,494) | 36,109) | 35,740) | 35,746) | 37,301) | 36,860) | 36,811) | 37,549) | 36,784) | 30,351) | 19,229) | 18,977) | 17,906) | 19,051) | 19,067) | 18,078) | 18,106) | 18,355) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.13 | 0.14 | 0.15 | 0.16 | 0.14 | 0.15 | 0.15 | 0.15 | 0.19 | 0.18 | 0.19 | 0.20 | 0.17 | 0.17 | 0.12 | 0.14 | 0.12 | 0.13 | 0.13 | 0.12 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.12 | 0.13 | 0.16 | 0.18 | 0.19 | 0.18 | 0.16 | 0.15 | 0.14 | — | — | — | — | ||||||
| ConocoPhillips | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.20 | 0.22 | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.23 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.19 | 0.20 | 0.19 | 0.19 | 0.17 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.27 | 0.28 | 0.28 | 0.28 | 0.27 | 0.29 | 0.30 | 0.36 | 0.39 | 0.42 | 0.45 | 0.45 | 0.45 | 0.46 | 0.43 | 0.38 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,835 ÷ 36,613 = 0.13
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. | Pioneer Natural Resources Co. debt to assets ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Assets (including Operating Lease Liability)
Pioneer Natural Resources Co., debt to assets (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of debt | 28) | 44) | 311) | 814) | 779) | 986) | 1,117) | 244) | 244) | 244) | —) | —) | 140) | 140) | 139) | 499) | 450) | 450) | 449) | 449) | ||||||
| Long-term debt, excluding current portion | 4,807) | 4,880) | 5,010) | 5,094) | 4,125) | 4,228) | 4,576) | 5,446) | 6,688) | 6,685) | 6,926) | 6,177) | 3,160) | 3,148) | 2,054) | 2,140) | 1,839) | 1,838) | 1,837) | 1,836) | ||||||
| Total debt | 4,835) | 4,924) | 5,321) | 5,908) | 4,904) | 5,214) | 5,693) | 5,690) | 6,932) | 6,929) | 6,926) | 6,177) | 3,300) | 3,288) | 2,193) | 2,639) | 2,289) | 2,288) | 2,286) | 2,285) | ||||||
| Operating lease liability, current | 175) | 156) | 145) | 138) | 125) | 128) | 123) | 113) | 121) | 115) | 123) | 125) | 100) | 99) | 110) | 128) | 136) | 139) | 141) | 145) | ||||||
| Operating lease liability, noncurrent | 248) | 245) | 243) | 252) | 236) | 246) | 222) | 222) | 243) | 220) | 238) | 258) | 110) | 113) | 124) | 146) | 170) | 183) | 195) | 217) | ||||||
| Total debt (including operating lease liability) | 5,258) | 5,325) | 5,709) | 6,298) | 5,265) | 5,588) | 6,038) | 6,025) | 7,296) | 7,264) | 7,287) | 6,560) | 3,510) | 3,500) | 2,427) | 2,913) | 2,595) | 2,610) | 2,622) | 2,647) | ||||||
| Total assets | 36,613) | 36,360) | 35,494) | 36,109) | 35,740) | 35,746) | 37,301) | 36,860) | 36,811) | 37,549) | 36,784) | 30,351) | 19,229) | 18,977) | 17,906) | 19,051) | 19,067) | 18,078) | 18,106) | 18,355) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.14 | 0.15 | 0.16 | 0.17 | 0.15 | 0.16 | 0.16 | 0.16 | 0.20 | 0.19 | 0.20 | 0.22 | 0.18 | 0.18 | 0.14 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||
| Occidental Petroleum Corp. | 0.28 | 0.29 | 0.29 | 0.29 | 0.29 | 0.30 | 0.31 | 0.37 | 0.40 | 0.43 | 0.46 | 0.47 | 0.47 | 0.47 | 0.44 | 0.39 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,258 ÷ 36,613 = 0.14
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Financial Leverage
Pioneer Natural Resources Co., financial leverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Total assets | 36,613) | 36,360) | 35,494) | 36,109) | 35,740) | 35,746) | 37,301) | 36,860) | 36,811) | 37,549) | 36,784) | 30,351) | 19,229) | 18,977) | 17,906) | 19,051) | 19,067) | 18,078) | 18,106) | 18,355) | ||||||
| Equity | 23,171) | 22,719) | 22,000) | 21,838) | 22,541) | 22,949) | 23,790) | 23,668) | 22,837) | 23,193) | 22,638) | 18,146) | 11,569) | 11,654) | 11,740) | 12,211) | 12,119) | 11,856) | 11,876) | 12,209) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 1.58 | 1.60 | 1.61 | 1.65 | 1.59 | 1.56 | 1.57 | 1.56 | 1.61 | 1.62 | 1.62 | 1.67 | 1.66 | 1.63 | 1.53 | 1.56 | 1.57 | 1.52 | 1.52 | 1.50 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 1.63 | 1.60 | 1.59 | 1.60 | 1.62 | 1.64 | 1.68 | 1.70 | 1.72 | 1.77 | 1.82 | 1.83 | 1.82 | 1.69 | 1.67 | 1.64 | — | — | — | — | ||||||
| ConocoPhillips | 1.95 | 1.96 | 1.89 | 1.91 | 1.95 | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 1.94 | 2.10 | 2.05 | 2.00 | 2.08 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 1.84 | 1.86 | 1.82 | 1.86 | 1.89 | 1.99 | 2.07 | 2.10 | 2.01 | 2.10 | 2.13 | 2.13 | 2.12 | 2.02 | 2.01 | 1.95 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 2.45 | 2.45 | 2.45 | 2.42 | 2.41 | 2.51 | 2.67 | 2.98 | 3.69 | 4.01 | 4.38 | 4.34 | 4.31 | 4.25 | 3.83 | 3.25 | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Financial leverage = Total assets ÷ Equity
= 36,613 ÷ 23,171 = 1.58
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. | Pioneer Natural Resources Co. financial leverage ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Interest Coverage
Pioneer Natural Resources Co., interest coverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income (loss) attributable to common stockholders | 1,269) | 1,301) | 1,102) | 1,222) | 1,481) | 1,984) | 2,371) | 2,009) | 763) | 1,045) | 380) | (70) | 43) | (85) | (449) | 291) | 344) | 231) | (169) | 350) | ||||||
| Add: Income tax expense | 347) | 366) | 305) | 335) | 387) | 510) | 657) | 552) | 228) | 291) | 120) | (11) | (14) | (15) | (109) | 77) | 103) | 72) | (47) | 103) | ||||||
| Add: Interest expense | 40) | 44) | 41) | 28) | 28) | 30) | 33) | 37) | 40) | 41) | 41) | 39) | 35) | 34) | 33) | 27) | 34) | 29) | 29) | 29) | ||||||
| Earnings before interest and tax (EBIT) | 1,656) | 1,711) | 1,448) | 1,585) | 1,896) | 2,524) | 3,061) | 2,598) | 1,031) | 1,377) | 541) | (42) | 64) | (66) | (525) | 395) | 481) | 332) | (187) | 482) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Interest coverage1 | 41.83 | 47.09 | 58.69 | 76.18 | 78.74 | 65.81 | 53.42 | 34.89 | 18.06 | 12.44 | 3.34 | -4.04 | -1.02 | 2.23 | 5.55 | 8.58 | 9.16 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 64.08 | 77.06 | 87.36 | 102.29 | 97.27 | 86.49 | 68.50 | 44.87 | 31.39 | 19.12 | 8.50 | -11.85 | -9.69 | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 21.88 | 24.35 | 28.69 | 33.08 | 36.07 | 33.30 | 28.10 | 22.60 | 15.38 | 9.41 | 4.77 | 1.17 | -2.90 | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 63.17 | 74.98 | 85.62 | 108.93 | 94.68 | 88.00 | 68.10 | 42.27 | 33.98 | -5.84 | -14.48 | -20.45 | -23.94 | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 7.80 | 8.59 | 9.99 | 15.23 | 14.71 | 12.90 | 9.58 | 5.07 | 3.30 | 1.15 | -2.26 | -8.10 | -10.03 | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q4 2023 Calculation
Interest coverage
= (EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023)
÷ (Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023)
= (1,656 + 1,711 + 1,448 + 1,585)
÷ (40 + 44 + 41 + 28)
= 41.83
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Pioneer Natural Resources Co. interest coverage ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |