Debt-to-Equity Ratio

APA Corporation’s debt-to-equity ratio of 0.68x means that for every dollar of shareholders’ equity, the company has $0.68 in debt, indicating a moderate reliance on borrowed funds.

This sits slightly above the Energy sector median of 0.62x, placing APA in the 54th percentile among its peers. The metric has been perfectly stable over the last eight quarters, with a year-over-year change of +0.0% and a quarter-over-quarter change of +0.0%. A debt level in line with the sector, combined with a flat trend, suggests no change in financial leverage risk—neither building up nor paying down debt. For an investor, this stability reduces uncertainty around the company’s capital structure but offers no clear opportunity from deleveraging. The stable, median‑adjacent ratio does not contradict the overall CAUTIOUS verdict, as it provides neither a strong safety buffer nor an alarming red flag on its own.

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