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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Northern Oil & Gas (NOG) Debt to Equity (2016 - 2025)

Northern Oil & Gas has reported Debt to Equity over the past 16 years, most recently at $1.13 for Q4 2025.

  • Quarterly results put Debt to Equity at $1.13 for Q4 2025, up 9.41% from a year ago — trailing twelve months through Dec 2025 was $1.13 (up 9.41% YoY), and the annual figure for FY2025 was $1.13, up 9.41%.
  • Debt to Equity for Q4 2025 was $1.13 at Northern Oil & Gas, up from $1.05 in the prior quarter.
  • Over the last five years, Debt to Equity for NOG hit a ceiling of $9.47 in Q2 2022 and a floor of -$42.42 in Q1 2022.
  • Median Debt to Equity over the past 5 years was $1.02 (2024), compared with a mean of -$1.34.
  • Peak annual rise in Debt to Equity hit 298.54% in 2022, while the deepest fall reached 837.46% in 2022.
  • Northern Oil & Gas' Debt to Equity stood at $3.74 in 2021, then crashed by 44.95% to $2.06 in 2022, then tumbled by 56.09% to $0.9 in 2023, then rose by 13.82% to $1.03 in 2024, then grew by 9.41% to $1.13 in 2025.
  • The last three reported values for Debt to Equity were $1.13 (Q4 2025), $1.05 (Q3 2025), and $0.98 (Q2 2025) per Business Quant data.