What is California Resources's net debt?

California Resources (CRC) reported net debt of $1.34B in Q1 2026.

How has California Resources's net debt changed year-over-year?

California Resources's net debt increased by 51.7% year-over-year, from $882M to $1.34B.

What is the long-term trend for California Resources's net debt?

Over 5 years (2020 to 2025), California Resources's net debt has grown at a 10.7% compound annual growth rate (CAGR), from $739M to $1.23B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

California Resources CRC Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

WingstopWING

5.3×-0.3×

PBF EnergyPBF

0.6×+0.4×

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Other financials

Income statement

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Revenue$119.0M-87.0%

Operating income-$711.0M-482%

Net income-$711.0M-718%

EPS (diluted)-$8.02-737%

Balance sheet

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Cash & equivalents$40.0M-81.3%

Total debt$1.4B+25.7%

Total equity$2.9B-17.0%

Total assets$7.1B+4.7%

Cash flow

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Operating cash flow$99.0M-46.8%

CapEx$131.0M+138%

Free cash flow-$32.0M-124%

Valuation

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Market cap$4.91B+54.1%

Profitability

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Operating margin-10.4%-32.6pp

Net margin-16.1%-29.8pp

FCF margin13.2%+0.8pp

Returns & leverage

See full

Return on equity-14.4%-32.3pp

Debt / equity0.5×+0.2×

Current ratio0.5×-0.3×

Where this comes from

Calculated from California Resources’s reported figures.

$1.4Btotal debt−$40.0Mcash and equivalents=$1.34B

The official record: California Resources’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is California Resources's net debt?: California Resources (CRC) reported net debt of $1.34B in Q1 2026.
How has California Resources's net debt changed year-over-year?: California Resources's net debt increased by 51.7% year-over-year, from $882M to $1.34B.
What is the long-term trend for California Resources's net debt?: Over 5 years (2020 to 2025), California Resources's net debt has grown at a 10.7% compound annual growth rate (CAGR), from $739M to $1.23B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.