Granite Ridge Resources (GRNT) Debt Ratio (2021 - 2026)
Granite Ridge Resources (GRNT) reported Debt Ratio of 0.36 for Q1 2026, up 46.22% on a YoY basis from 0.24 in Q1 2025, and up 8.25% quarter-over-quarter from 0.33 in Q4 2025.
Granite Ridge Resources (GRNT) Debt Ratio (2021 - 2026) Analysis & Trends
Granite Ridge Resources has reported Debt Ratio for 6 years, with the latest figure at 0.36 in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio rose 46.22% year-over-year to 0.36; the trailing twelve-month figure through Mar 2026 stood at 0.36 (up 46.22% YoY), and the FY2025 full-year result was 0.33, up 65.32% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.36, up from 0.33 in the prior quarter.
- The five-year high for Debt Ratio was 0.36 in Q1 2026, with the low at 0.0 in Q4 2022.
- Historically, Debt Ratio has averaged 0.16 across 5 years, with a median of 0.17 in 2024.
- Annual changes were most pronounced in 2022 — Debt Ratio plunged 96.45% — and 2023, when it jumped 21779.24%.
- Granite Ridge Resources' Debt Ratio stood at 0.0 in 2022, then surged by 21779.24% to 0.12 in 2023, then surged by 68.18% to 0.2 in 2024, then soared by 65.32% to 0.33 in 2025, then grew by 8.25% to 0.36 in 2026.
- The last three Debt Ratio figures came in at 0.36 (Q1 2026), 0.33 (Q4 2025), and 0.27 (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 | Granite Ridge Resources | 626.98 Mn | 572.76 Mn | - | 0.36 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.36 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | 0.27 |
| Jun 30, 2025 | 0.25 |
| Mar 31, 2025 | 0.24 |
| Dec 31, 2024 | 0.20 |
| Sep 30, 2024 | 0.19 |
| Jun 30, 2024 | 0.17 |
| Mar 31, 2024 | 0.14 |
| Dec 31, 2023 | 0.12 |
| Sep 30, 2023 | 0.10 |
| Jun 30, 2023 | 0.06 |
| Mar 31, 2023 | 0.03 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Dec 31, 2021 | 0.02 |