Northern Oil & Gas (NOG) Debt Ratio (2009 - 2026)
Northern Oil & Gas' (NOG) Debt Ratio was 0.45 for Q3 2026, up 4.5% from 0.43 a year earlier but down 4.6% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Northern Oil & Gas was 0.44, up 4.7% from FY2024.
- By year, Debt Ratio came in at 0.42 in FY2024 (+3.3%), 0.41 in FY2023 (-22.8%), 0.53 in FY2022 (+0.6%) and 0.53 in FY2021 (-51.3%).
- Five-year quarterly Debt Ratio spans a low of 0.39 in Q3 2024 and a high of 0.55 in Q1 2022.
- Year over year, Debt Ratio has now increased in each of the last six quarters, with growth averaging 6.4% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q1 2026 (growth of 13.6%); the low point was Q4 2021 (a decline of 51.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.47 (Q2 2026), 0.46 (Q1 2026) and 0.44 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 0.07 |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 0.16 |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 0.10 |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 0.22 |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 0.18 |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 16.74 |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 0.22 |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | 0.45 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.45 |
| Jun 30, 2026 | 0.47 |
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.43 |
| Jun 30, 2025 | 0.41 |
| Mar 31, 2025 | 0.41 |
| Dec 31, 2024 | 0.42 |
| Sep 30, 2024 | 0.39 |
| Jun 30, 2024 | 0.40 |
| Mar 31, 2024 | 0.42 |
| Dec 31, 2023 | 0.41 |
| Sep 30, 2023 | 0.48 |
| Jun 30, 2023 | 0.46 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.53 |
| Sep 30, 2022 | 0.47 |
| Jun 30, 2022 | 0.50 |
| Mar 31, 2022 | 0.55 |
| Dec 31, 2021 | 0.53 |
API Access
Northern Oil & Gas Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();