Debt to Equity
since 2012
Calculation
Diamondback Energy Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, including current maturities1 | ÷ | Total Diamondback Energy, Inc. stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.55 | = | 6,687) | ÷ | 12,088) |
| Dec 31, 2020 | 0.66 | = | 5,815) | ÷ | 8,794) |
| Dec 31, 2019 | 0.41 | = | 5,371) | ÷ | 13,249) |
| Dec 31, 2018 | 0.33 | = | 4,464) | ÷ | 13,699) |
| Dec 31, 2017 | 0.28 | = | 1,477) | ÷ | 5,255) |
| Dec 31, 2016 | 0.30 | = | 1,106) | ÷ | 3,697) |
| Dec 31, 2015 | 0.26 | = | 496) | ÷ | 1,876) |
| Dec 31, 2014 | 0.38 | = | 674) | ÷ | 1,751) |
| Dec 31, 2013 | 0.54 | = | 460) | ÷ | 846) |
| Dec 31, 2012 | 0.00 | = | —) | ÷ | 462) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
- Long-term debt, including current maturities
- The long-term debt exhibited a general upward trend over the period analyzed. Starting from no debt in 2012, it increased significantly to 460 million USD in 2013, then continued to rise with some fluctuations, reaching a peak of 6687 million USD in 2021. Notably, there was a sharp increase between 2017 and 2018, moving from 1477 million USD to 4464 million USD, indicating substantial additional borrowing or refinancing during this timeframe.
- Total stockholders’ equity
- Stockholders' equity demonstrated overall growth but with considerable variability. Beginning at 462 million USD in 2012, it increased steadily up to 5255 million USD by 2017. A notable surge occurred in 2018, when equity jumped to 13699 million USD. However, the equity value declined after this peak, falling to 8794 million USD by 2020, before recovering somewhat to 12088 million USD in 2021. This pattern suggests periods of considerable capital accumulation followed by reductions, possibly due to market factors or company-specific financial strategies.
- Debt to equity ratio
- The debt-to-equity ratio started at zero in 2012 due to the absence of long-term debt. It increased to 0.54 in 2013, then declined steadily to 0.26 in 2015, indicating a reduction in leverage relative to equity. From 2016 onward, the ratio fluctuated moderately, remaining below 0.35 until 2019. A marked increase occurred thereafter, reaching 0.66 in 2020, reflecting a higher leverage level at that point, before slightly decreasing to 0.55 in 2021. This uptick corresponds with the significant increases in long-term debt observed during the later years.
Comparison to Competitors
Diamondback Energy Inc., debt to equity, long-term trends, comparison to competitors
| Diamondback Energy Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.55 | 0.23 | 0.44 | 0.28 | 1.46 |
| Dec 31, 2020 | 0.66 | 0.34 | 0.51 | 0.43 | 1.95 |
| Dec 31, 2019 | 0.41 | 0.19 | 0.43 | 0.24 | 1.13 |
| Dec 31, 2018 | 0.33 | 0.22 | 0.47 | 0.20 | 0.48 |
| Dec 31, 2017 | 0.28 | 0.26 | 0.64 | 0.23 | 0.48 |
| Dec 31, 2016 | 0.30 | 0.32 | 0.78 | 0.26 | 0.46 |
| Dec 31, 2015 | 0.26 | 0.25 | 0.63 | 0.23 | 0.34 |
| Dec 31, 2014 | 0.38 | 0.18 | 0.43 | 0.17 | 0.20 |
| Dec 31, 2013 | 0.54 | 0.14 | 0.42 | 0.13 | 0.16 |
| Dec 31, 2012 | 0.00 | 0.09 | 0.45 | 0.07 | 0.19 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Diamondback Energy Inc., debt to equity, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Diamondback Energy Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | 0.55 | 0.34 |
| Dec 31, 2020 | 0.66 | 0.48 |
| Dec 31, 2019 | 0.41 | 0.31 |
| Dec 31, 2018 | 0.33 | 0.24 |
| Dec 31, 2017 | 0.28 | 0.29 |
| Dec 31, 2016 | 0.30 | 0.34 |
| Dec 31, 2015 | 0.26 | 0.29 |
| Dec 31, 2014 | 0.38 | 0.21 |
| Dec 31, 2013 | 0.54 | 0.17 |
| Dec 31, 2012 | 0.00 | 0.14 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Diamondback Energy Inc., debt to equity, long-term trends, comparison to industry (energy)
| Diamondback Energy Inc. | Energy | |
|---|---|---|
| Dec 31, 2021 | 0.55 | 0.37 |
| Dec 31, 2020 | 0.66 | 0.52 |
| Dec 31, 2019 | 0.41 | 0.33 |
| Dec 31, 2018 | 0.33 | 0.26 |
| Dec 31, 2017 | 0.28 | 0.30 |
| Dec 31, 2016 | 0.30 | 0.35 |
| Dec 31, 2015 | 0.26 | 0.31 |
| Dec 31, 2014 | 0.38 | 0.22 |
| Dec 31, 2013 | 0.54 | 0.19 |
| Dec 31, 2012 | 0.00 | 0.15 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).