Direct Answer
APA Corporation's fiscal 2025 filings show current liabilities exceed current assets (current ratio 0.8x). These figures measure financial risk only; the business risks APA Corporation itself considers material are listed under Item 1A, Risk Factors, of its Form 10-K, most recently filed February 26, 2026.
What Do APA Corporation's Financial Risk Indicators Show?
| Indicator (fiscal 2025) | APA Corporation | Peer median (same SIC code) | What it measures |
|---|---|---|---|
| Liabilities to assets | n/a | 42% | How much of the balance sheet is funded by obligations rather than equity. |
| Current ratio | 0.8x | 0.9x | Short-term assets per dollar of obligations due within a year. |
| Interest coverage | n/a | 2.5x | Operating income per dollar of interest expense. |
| Long-term debt to operating cash flow | n/a | 1.2x | Years of operating cash flow it would take to repay long-term debt. |
| Net debt | Not reported | n/a | Long-term debt minus cash; negative means more cash than long-term debt. |
The peer median uses 43 other companies in Swoopr's S&P 500 Equal Weight set that share the same SEC SIC code. A reading worse than the peer median is a prompt to read the filing, not a conclusion.
Where Are APA Corporation's Official Risk Factors?
The risks APA Corporation considers material are disclosed in Item 1A of its Form 10-K, most recently filed February 26, 2026. Read them with three questions in mind: which risks are specific to this company rather than generic, which have changed since the prior year's filing, and which connect to the figures above (a refinancing risk matters more when interest coverage is thin).
Where These Numbers Come From
Every figure on this page is a value APA Corporation reported in its Form 10-K filed February 26, 2026 (accession 0001841666-26-000015), read from the SEC's Financial Statement Data Sets. Ratios are computed from those reported values. The filing itself always takes precedence over this summary, and a later amendment can change a figure.
A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
Is APA Corporation highly leveraged?
APA Corporation did not report both total liabilities and total assets under the standard tags, so the ratio is not computed here.
Where are APA Corporation's official risk factors?
In Item 1A, Risk Factors, of its annual report on Form 10-K, most recently filed with the SEC on February 26, 2026. The company lists the risks it considers material there; the measures on this page only quantify the financial side.
Can APA Corporation pay its interest?
APA Corporation did not report interest expense under the standard tags for fiscal 2025, so interest coverage is not computed here; its income statement and debt footnote show the details.