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Diamondback Energy stock: balance sheet and debt

FANG
$182.20Closing price of 12 Nov 2026MEQIRI Score 63 out of 100

Diamondback Energy has a debt to equity ratio of 0.35 and an interest coverage of 8.7x.

Daily figure as of 13 Nov 2026

Debt / Equity
0.35
Interest coverage
8.7x
Current ratio
0.42
Cash & equivalents
$106M
Total assets
$71.06B
Equity ratio
60.5%
Goodwill
not reported separately
Net debt
$14.77B

Total assets and equity ratio

How large the balance sheet of Diamondback Energy, Inc. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2009$100.07Mnot reported separatelynot reported separately84.1%$5.22M
2010$172.52Mnot reported separatelynot reported separately61.2%$40.68M
2011$249.48Mnot reported separatelynot reported separately51.7%$78.2M
2012$606.7Mnot reported separatelynot reported separately76.2%−$21.28M
2013$1.52Bnot reported separatelynot reported separately55.6%$448.98M
2014$3.1Bnot reported separatelynot reported separately64.1%$655.17M
2015$2.76Bnot reported separatelynot reported separately76.5%$481.79M
2016$5.35Bnot reported separatelynot reported separately75.1%−$546.81M
2017$7.77Bnot reported separatelynot reported separately71.8%$1.39B
2018$21.6Bnot reported separatelynot reported separately65.6%$4.31B
2019$23.53Bnot reported separatelynot reported separately63.3%$5.37B
2020$17.62Bnot reported separatelynot reported separately55.6%$5.83B
2021$22.9Bnot reported separatelynot reported separately57.8%$6.12B
2022$26.21Bnot reported separatelynot reported separately59.9%$6.22B
2023$29Bnot reported separatelynot reported separately60.1%$6.22B
2024$67.29Bnot reported separatelynot reported separately59.2%$12.27B
2025$71.06Bnot reported separatelynot reported separately60.5%$14.77B

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2009$2.43M$84.2M$7.65M0.09
2010$4.09M$105.64M$44.77M0.42
2011$6.8M$129.04M$85M0.66
2012$26.36M$462.07M$5.08M0.01
2013$15.56M$845.54M$464.54M0.55
2014$30.18M$1.75B$685.35M0.35
2015$20.12M$1.88B$501.91M0.24
2016$1.67B$3.7B$1.12B0.28
2017$112.45M$5.25B$1.51B0.27
2018$214.52M$13.7B$4.52B0.32
2019$123M$13.25B$5.49B0.37
2020$104M$8.79B$5.93B0.6
2021$654M$12.09B$6.77B0.51
2022$157M$15.01B$6.38B0.41
2023$582M$16.63B$6.8B0.39
2024$161M$37.74B$12.43B0.31
2025$106M$36.97B$14.88B0.35

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Sep 2024)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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