Debt-to-Equity Ratio

Northern Oil and Gas’s Debt-to-Equity Ratio of 1.43x means the company uses $1.43 of debt for every $1 of shareholder equity — a measure of how much leverage is funding its operations.

This is higher than the Energy sector median of 0.68x, placing NOG in the 78th percentile among peers, indicating above-average reliance on borrowed capital. Because the year-over-year and quarter-over-quarter changes are both reported as N/A, no trend can be assessed from the available data. With a high leverage level and no trend to indicate improvement or deterioration, the ratio implies elevated financial risk relative to sector norms, which may pressure earnings if interest costs rise. This elevated Debt-to-Equity Ratio partially contradicts the overall NEUTRAL verdict, as it suggests a potential vulnerability not offset by any observable deleveraging trend.

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