Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Expand Energy Corp. debt to equity ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Expand Energy Corp. debt to capital ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Expand Energy Corp. debt to assets ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Expand Energy Corp. financial leverage ratio increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Expand Energy Corp. interest coverage ratio deteriorated from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Equity
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
Current maturities of long-term debt, net | —) | 389) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
Long-term debt, net, excluding current maturities | 5,243) | 5,291) | 2,017) | 2,021) | 2,025) | 2,028) | 2,032) | 2,036) | 2,040) | 3,093) | 2,717) | 3,046) | 2,774) | 2,278) | 1,259) | 1,261) | 1,262) | ||||||
Total debt | 5,243) | 5,680) | 2,017) | 2,021) | 2,025) | 2,028) | 2,032) | 2,036) | 2,040) | 3,093) | 2,717) | 3,046) | 2,774) | 2,278) | 1,259) | 1,261) | 1,262) | ||||||
Stockholders’ equity | 17,191) | 17,565) | 10,188) | 10,370) | 10,682) | 10,729) | 10,268) | 10,396) | 10,283) | 9,124) | 6,347) | 5,808) | 5,383) | 5,671) | 3,038) | 3,413) | 3,881) | ||||||
Solvency Ratio | |||||||||||||||||||||||
Debt to equity1 | 0.30 | 0.32 | 0.20 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.20 | 0.34 | 0.43 | 0.52 | 0.52 | 0.40 | 0.41 | 0.37 | 0.33 | ||||||
Benchmarks | |||||||||||||||||||||||
Debt to Equity, Competitors2 | |||||||||||||||||||||||
Chevron Corp. | — | 0.16 | 0.17 | 0.15 | 0.14 | 0.13 | 0.12 | 0.14 | 0.15 | 0.15 | 0.15 | 0.17 | 0.20 | 0.23 | 0.27 | 0.32 | 0.34 | ||||||
ConocoPhillips | — | 0.38 | 0.37 | 0.37 | 0.37 | 0.38 | 0.40 | 0.35 | 0.35 | 0.35 | 0.35 | 0.34 | 0.38 | 0.44 | 0.45 | 0.45 | 0.46 | ||||||
Exxon Mobil Corp. | — | 0.16 | 0.16 | 0.16 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.24 | 0.26 | 0.28 | 0.28 | 0.35 | 0.38 | 0.40 | ||||||
Occidental Petroleum Corp. | — | 0.76 | 0.77 | 0.62 | 0.64 | 0.65 | 0.68 | 0.68 | 0.67 | 0.66 | 0.73 | 0.80 | 1.06 | 1.46 | 1.68 | 1.97 | 1.97 |
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 5,243 ÷ 17,191 = 0.30
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. | Expand Energy Corp. debt to equity ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025. |
Debt to Capital
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
Current maturities of long-term debt, net | —) | 389) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
Long-term debt, net, excluding current maturities | 5,243) | 5,291) | 2,017) | 2,021) | 2,025) | 2,028) | 2,032) | 2,036) | 2,040) | 3,093) | 2,717) | 3,046) | 2,774) | 2,278) | 1,259) | 1,261) | 1,262) | ||||||
Total debt | 5,243) | 5,680) | 2,017) | 2,021) | 2,025) | 2,028) | 2,032) | 2,036) | 2,040) | 3,093) | 2,717) | 3,046) | 2,774) | 2,278) | 1,259) | 1,261) | 1,262) | ||||||
Stockholders’ equity | 17,191) | 17,565) | 10,188) | 10,370) | 10,682) | 10,729) | 10,268) | 10,396) | 10,283) | 9,124) | 6,347) | 5,808) | 5,383) | 5,671) | 3,038) | 3,413) | 3,881) | ||||||
Total capital | 22,434) | 23,245) | 12,205) | 12,391) | 12,707) | 12,757) | 12,300) | 12,432) | 12,323) | 12,217) | 9,064) | 8,854) | 8,157) | 7,949) | 4,297) | 4,674) | 5,143) | ||||||
Solvency Ratio | |||||||||||||||||||||||
Debt to capital1 | 0.23 | 0.24 | 0.17 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.25 | 0.30 | 0.34 | 0.34 | 0.29 | 0.29 | 0.27 | 0.25 | ||||||
Benchmarks | |||||||||||||||||||||||
Debt to Capital, Competitors2 | |||||||||||||||||||||||
Chevron Corp. | — | 0.14 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 | 0.15 | 0.17 | 0.18 | 0.22 | 0.24 | 0.26 | ||||||
ConocoPhillips | — | 0.27 | 0.27 | 0.27 | 0.27 | 0.28 | 0.29 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | ||||||
Exxon Mobil Corp. | — | 0.14 | 0.14 | 0.14 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.20 | 0.21 | 0.22 | 0.22 | 0.26 | 0.28 | 0.29 | ||||||
Occidental Petroleum Corp. | — | 0.43 | 0.43 | 0.38 | 0.39 | 0.39 | 0.40 | 0.41 | 0.40 | 0.40 | 0.42 | 0.44 | 0.51 | 0.59 | 0.63 | 0.66 | 0.66 |
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,243 ÷ 22,434 = 0.23
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. | Expand Energy Corp. debt to capital ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025. |
Debt to Assets
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
Current maturities of long-term debt, net | —) | 389) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||
Long-term debt, net, excluding current maturities | 5,243) | 5,291) | 2,017) | 2,021) | 2,025) | 2,028) | 2,032) | 2,036) | 2,040) | 3,093) | 2,717) | 3,046) | 2,774) | 2,278) | 1,259) | 1,261) | 1,262) | ||||||
Total debt | 5,243) | 5,680) | 2,017) | 2,021) | 2,025) | 2,028) | 2,032) | 2,036) | 2,040) | 3,093) | 2,717) | 3,046) | 2,774) | 2,278) | 1,259) | 1,261) | 1,262) | ||||||
Total assets | 27,934) | 27,894) | 13,392) | 13,608) | 14,018) | 14,376) | 14,248) | 14,429) | 14,591) | 15,468) | 14,089) | 13,899) | 13,293) | 11,009) | 7,326) | 6,999) | 6,904) | ||||||
Solvency Ratio | |||||||||||||||||||||||
Debt to assets1 | 0.19 | 0.20 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.20 | 0.19 | 0.22 | 0.21 | 0.21 | 0.17 | 0.18 | 0.18 | ||||||
Benchmarks | |||||||||||||||||||||||
Debt to Assets, Competitors2 | |||||||||||||||||||||||
Chevron Corp. | — | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.12 | 0.13 | 0.16 | 0.18 | 0.19 | ||||||
ConocoPhillips | — | 0.20 | 0.19 | 0.19 | 0.19 | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.20 | 0.22 | 0.23 | 0.23 | 0.24 | ||||||
Exxon Mobil Corp. | — | 0.09 | 0.09 | 0.09 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.19 | ||||||
Occidental Petroleum Corp. | — | 0.31 | 0.31 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.28 | 0.27 | 0.29 | 0.30 | 0.36 | 0.39 | 0.42 | 0.45 | 0.45 |
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 5,243 ÷ 27,934 = 0.19
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. | Expand Energy Corp. debt to assets ratio deteriorated from Q3 2024 to Q4 2024 but then slightly improved from Q4 2024 to Q1 2025. |
Financial Leverage
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
Total assets | 27,934) | 27,894) | 13,392) | 13,608) | 14,018) | 14,376) | 14,248) | 14,429) | 14,591) | 15,468) | 14,089) | 13,899) | 13,293) | 11,009) | 7,326) | 6,999) | 6,904) | ||||||
Stockholders’ equity | 17,191) | 17,565) | 10,188) | 10,370) | 10,682) | 10,729) | 10,268) | 10,396) | 10,283) | 9,124) | 6,347) | 5,808) | 5,383) | 5,671) | 3,038) | 3,413) | 3,881) | ||||||
Solvency Ratio | |||||||||||||||||||||||
Financial leverage1 | 1.62 | 1.59 | 1.31 | 1.31 | 1.31 | 1.34 | 1.39 | 1.39 | 1.42 | 1.70 | 2.22 | 2.39 | 2.47 | 1.94 | 2.41 | 2.05 | 1.78 | ||||||
Benchmarks | |||||||||||||||||||||||
Financial Leverage, Competitors2 | |||||||||||||||||||||||
Chevron Corp. | — | 1.69 | 1.66 | 1.64 | 1.63 | 1.63 | 1.60 | 1.59 | 1.60 | 1.62 | 1.64 | 1.68 | 1.70 | 1.72 | 1.77 | 1.82 | 1.83 | ||||||
ConocoPhillips | — | 1.89 | 1.94 | 1.93 | 1.93 | 1.95 | 1.96 | 1.89 | 1.91 | 1.95 | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 1.94 | ||||||
Exxon Mobil Corp. | — | 1.72 | 1.72 | 1.72 | 1.84 | 1.84 | 1.86 | 1.82 | 1.86 | 1.89 | 1.99 | 2.07 | 2.10 | 2.01 | 2.10 | 2.13 | 2.13 | ||||||
Occidental Petroleum Corp. | — | 2.50 | 2.47 | 2.38 | 2.41 | 2.45 | 2.45 | 2.45 | 2.42 | 2.41 | 2.51 | 2.67 | 2.98 | 3.69 | 4.01 | 4.38 | 4.34 |
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 27,934 ÷ 17,191 = 1.62
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. | Expand Energy Corp. financial leverage ratio increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Interest Coverage
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
Net income (loss) | (249) | (399) | (114) | (227) | 26) | 569) | 70) | 391) | 1,389) | 3,580) | 883) | 1,237) | (764) | 1,434) | (345) | (439) | 5,678) | ||||||
Add: Income tax expense | (70) | (22) | (44) | (68) | 7) | 166) | 1) | 127) | 404) | (1,390) | 74) | 77) | (46) | (39) | (10) | —) | (57) | ||||||
Add: Interest expense | 59) | 64) | 20) | 20) | 19) | 22) | 23) | 22) | 37) | 40) | 52) | 36) | 32) | 26) | 17) | 18) | 23) | ||||||
Earnings before interest and tax (EBIT) | (260) | (357) | (138) | (275) | 52) | 757) | 94) | 540) | 1,830) | 2,230) | 1,009) | 1,350) | (778) | 1,421) | (338) | (421) | 5,644) | ||||||
Solvency Ratio | |||||||||||||||||||||||
Interest coverage1 | -6.32 | -5.84 | 4.89 | 7.48 | 16.78 | 30.97 | 38.48 | 37.15 | 38.90 | 23.82 | 20.56 | 14.91 | -1.25 | 75.07 | — | — | — | ||||||
Benchmarks | |||||||||||||||||||||||
Interest Coverage, Competitors2 | |||||||||||||||||||||||
Chevron Corp. | — | 47.31 | 49.42 | 59.46 | 60.29 | 64.08 | 77.06 | 87.36 | 102.29 | 97.27 | 86.49 | 68.50 | 44.87 | 31.39 | 19.12 | 8.50 | -11.85 | ||||||
ConocoPhillips | — | 18.46 | 19.45 | 20.40 | 20.49 | 21.88 | 24.35 | 28.69 | 33.08 | 36.07 | 33.30 | 28.10 | 22.60 | 15.38 | 9.41 | 4.77 | 1.17 | ||||||
Exxon Mobil Corp. | — | 50.07 | 52.17 | 54.97 | 54.07 | 63.17 | 74.98 | 85.62 | 108.93 | 94.68 | 88.00 | 68.10 | 42.27 | 33.98 | -5.84 | -14.48 | -20.45 | ||||||
Occidental Petroleum Corp. | — | 4.46 | 6.29 | 6.94 | 6.76 | 7.80 | 8.59 | 9.99 | 15.23 | 14.71 | 12.90 | 9.58 | 5.07 | 3.30 | 1.15 | -2.26 | -8.10 |
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Interest coverage
= (EBITQ1 2025
+ EBITQ4 2024
+ EBITQ3 2024
+ EBITQ2 2024)
÷ (Interest expenseQ1 2025
+ Interest expenseQ4 2024
+ Interest expenseQ3 2024
+ Interest expenseQ2 2024)
= (-260 + -357 + -138 + -275)
÷ (59 + 64 + 20 + 20)
= -6.32
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. | Expand Energy Corp. interest coverage ratio deteriorated from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |