Northern Oil & Gas annual debt-to-assets ratio
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2025
Northern Oil & Gas Debt-to-Assets Ratio Growth & History (NOG)
Northern Oil & Gas's debt-to-assets ratio was 0.44 for fiscal 2025.
View full Northern Oil & Gas company overviewNorthern Oil & Gas annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.44 | 0.02 | +4.74% |
| 2024 | 2024-12-31 | 0.42 | 0.01 | +3.29% |
| 2023 | 2023-12-31 | 0.41 | −0.12 | −22.85% |
| 2022 | 2022-12-31 | 0.53 | 0.00 | +0.56% |
| 2021 | 2021-12-31 | 0.53 | −0.56 | −51.30% |
| 2020 | 2020-12-31 | 1.08 | 0.50 | +84.63% |
| 2019 | 2019-12-31 | 0.59 | 0.03 | +6.28% |
| 2018 | 2018-12-31 | 0.55 | −1.00 | −64.35% |
| 2017 | 2017-12-31 | 1.55 | −0.38 | −19.72% |
| 2016 | 2016-12-31 | 1.93 | 0.96 | +99.48% |
| 2015 | 2015-12-31 | 0.97 | 0.72 | +285.86% |
| 2014 | 2014-12-31 | 0.25 | −0.08 | −25.24% |
| 2013 | 2013-12-31 | 0.34 | 0.08 | +33.11% |
| 2012 | 2012-12-31 | 0.25 | 0.25 | — |
| 2011 | 2011-12-31 | 0.00 | — | — |
Northern Oil & Gas quarterly debt-to-assets ratio
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
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Q3.15
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Q2.16
Q3.16
Q4.16
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Q2.17
Q3.17
Q4.17
Q1.18
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Q4.18
Q1.19
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Q4.19
Q1.20
Q2.20
Q3.20
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Q1.21
Q2.21
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Q2.22
Q3.22
Q4.22
Q1.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.47 | 0.05 | +12.69% |
| Q1 2026 | 2026-03-31 | 0.46 | 0.06 | +13.63% |
| Q4 2025 | 2025-12-31 | 0.44 | 0.02 | +4.74% |
| Q3 2025 | 2025-09-30 | 0.43 | 0.04 | +10.52% |
| Q2 2025 | 2025-06-30 | 0.41 | 0.02 | +4.55% |
| Q1 2025 | 2025-03-31 | 0.41 | −0.01 | −2.68% |
| Q4 2024 | 2024-12-31 | 0.42 | 0.01 | +3.29% |
| Q3 2024 | 2024-09-30 | 0.39 | −0.09 | −19.16% |
| Q2 2024 | 2024-06-30 | 0.40 | −0.06 | −13.05% |
| Q1 2024 | 2024-03-31 | 0.42 | −0.11 | −20.40% |
| Q4 2023 | 2023-12-31 | 0.41 | −0.12 | −22.85% |
| Q3 2023 | 2023-09-30 | 0.48 | 0.00 | +1.03% |
| Q2 2023 | 2023-06-30 | 0.46 | −0.05 | −9.23% |
| Q1 2023 | 2023-03-31 | 0.53 | −0.03 | −4.96% |
| Q4 2022 | 2022-12-31 | 0.53 | 0.00 | +0.56% |
| Q3 2022 | 2022-09-30 | 0.47 | −0.22 | −31.44% |
| Q2 2022 | 2022-06-30 | 0.50 | −0.23 | −31.55% |
| Q1 2022 | 2022-03-31 | 0.55 | −0.38 | −40.90% |
| Q4 2021 | 2021-12-31 | 0.53 | −0.56 | −51.30% |
| Q3 2021 | 2021-09-30 | 0.69 | −0.27 | −28.04% |
| Q2 2021 | 2021-06-30 | 0.73 | −0.05 | −6.19% |
| Q1 2021 | 2021-03-31 | 0.94 | 0.47 | +101.24% |
| Q4 2020 | 2020-12-31 | 1.08 | 0.50 | +84.63% |
| Q3 2020 | 2020-09-30 | 0.96 | 0.36 | +59.97% |
| Q2 2020 | 2020-06-30 | 0.78 | 0.21 | +36.51% |
| Q1 2020 | 2020-03-31 | 0.46 | −0.14 | −22.67% |
| Q4 2019 | 2019-12-31 | 0.59 | 0.03 | +6.28% |
| Q3 2019 | 2019-09-30 | 0.60 | −0.14 | −18.85% |
| Q2 2019 | 2019-06-30 | 0.57 | −0.37 | −39.32% |
| Q1 2019 | 2019-03-31 | 0.60 | −0.87 | −59.27% |
| Q4 2018 | 2018-12-31 | 0.55 | −1.00 | −64.35% |
| Q3 2018 | 2018-09-30 | 0.74 | −0.97 | −56.85% |
| Q2 2018 | 2018-06-30 | 0.95 | −0.81 | −46.17% |
| Q1 2018 | 2018-03-31 | 1.48 | −0.36 | −19.47% |
| Q4 2017 | 2017-12-31 | 1.55 | −0.38 | −19.72% |
| Q3 2017 | 2017-09-30 | 1.71 | −0.26 | −13.05% |
| Q2 2017 | 2017-06-30 | 1.76 | −0.00 | −0.20% |
| Q1 2017 | 2017-03-31 | 1.83 | 0.43 | +30.82% |
| Q4 2016 | 2016-12-31 | 1.93 | 0.96 | +99.48% |
| Q3 2016 | 2016-09-30 | 1.97 | 1.27 | +182.49% |
| Q2 2016 | 2016-06-30 | 1.76 | 1.24 | +237.74% |
| Q1 2016 | 2016-03-31 | 1.40 | 1.09 | +352.81% |
| Q4 2015 | 2015-12-31 | 0.97 | 0.72 | +285.86% |
| Q3 2015 | 2015-09-30 | 0.70 | 0.41 | +146.23% |
| Q2 2015 | 2015-06-30 | 0.52 | 0.23 | +77.59% |
| Q1 2015 | 2015-03-31 | 0.31 | −0.01 | −2.88% |
| Q4 2014 | 2014-12-31 | 0.25 | −0.08 | −25.24% |
| Q3 2014 | 2014-09-30 | 0.28 | −0.07 | −19.37% |
| Q2 2014 | 2014-06-30 | 0.29 | −0.08 | −22.23% |
| Q1 2014 | 2014-03-31 | 0.32 | 0.08 | +34.22% |
| Q4 2013 | 2013-12-31 | 0.34 | 0.08 | +33.11% |
| Q3 2013 | 2013-09-30 | 0.35 | 0.09 | +32.82% |
| Q2 2013 | 2013-06-30 | 0.38 | 0.38 | — |
| Q1 2013 | 2013-03-31 | 0.24 | 0.24 | — |
| Q4 2012 | 2012-12-31 | 0.25 | 0.25 | — |
| Q3 2012 | 2012-09-30 | 0.26 | — | — |
| Q2 2012 | 2012-06-30 | 0.00 | — | — |
| Q1 2012 | 2012-03-31 | 0.00 | — | — |
| Q4 2011 | 2011-12-31 | 0.00 | — | — |
Northern Oil & Gas debt-to-assets ratio trends
Over the last five fiscal years, Northern Oil & Gas's debt-to-assets ratio decreased from 1.08 to 0.44, a change of −0.64. The latest reported quarter, Q2 2026, shows 0.47.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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