Apa (APA) Debt Ratio (2020 - 2026)

Apa's (APA) quarterly Debt Ratio came in at 0.24 in Q1 2026, down 15.72% year-on-year from 0.29 in Q1 2025, and down 3.49% quarter-over-quarter from 0.25 in Q4 2025.

Apa (APA) Debt Ratio (2020 - 2026) Analysis & Trends

Apa has disclosed Debt Ratio across 7 years of filings, most recently posting 0.24 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.24, down 15.72% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.24 (down 15.72% YoY), and the FY2025 annual result was 0.25, down 18.84% from the prior year.
  • Debt Ratio came in at 0.24 for Q1 2026 at Apa, down from 0.25 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.47 in Q1 2022 to a low of 0.24 in Q1 2026.
  • The 5-year median for Debt Ratio is 0.34 (2023), against an average of 0.35.
  • Across the five-year window, Debt Ratio slumped 36.01% in 2022 and climbed 2.96% in 2023, its largest moves.
  • Apa's Debt Ratio stood at 0.41 in 2022, then retreated by 17.95% to 0.34 in 2023, then retreated by 8.41% to 0.31 in 2024, then dropped by 18.84% to 0.25 in 2025, then decreased by 3.49% to 0.24 in 2026.
  • The last three Debt Ratio figures came in at 0.24 (Q1 2026), 0.25 (Q4 2025), and 0.25 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 0.17
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 0.19
4 Eog Resources 72.93 Bn 69.08 Bn - 0.15
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 0.19
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 0.20
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 0.34
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 0.02
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 44.08
10 Apa 12.94 Bn 13.59 Bn 2.20 Bn 0.24

Historic Data

Download Data
DateValue
Mar 31, 2026 0.24
Dec 31, 2025 0.25
Sep 30, 2025 0.25
Jun 30, 2025 0.25
Mar 31, 2025 0.29
Dec 31, 2024 0.31
Sep 30, 2024 0.33
Jun 30, 2024 0.33
Mar 31, 2024 0.35
Dec 31, 2023 0.34
Sep 30, 2023 0.41
Jun 30, 2023 0.42
Mar 31, 2023 0.44
Dec 31, 2022 0.41
Sep 30, 2022 0.41
Jun 30, 2022 0.41
Mar 31, 2022 0.47
Dec 31, 2021 0.56
Sep 30, 2021 0.56
Jun 30, 2021 0.64