Antero Midstream Partners LP (AM)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 91,128 | 88,993 | 83,804 | 93,931 | 108,558 |
| Total current liabilities | US$ in thousands | 96,417 | 102,077 | 114,009 | 94,005 | 242,084 |
| Current ratio | 0.95 | 0.87 | 0.74 | 1.00 | 0.45 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $91,128K ÷ $96,417K
= 0.95
The current ratio of Antero Midstream Corp has exhibited fluctuations over the past five years. The ratio indicates the company's ability to meet its short-term financial obligations with its current assets. A current ratio below 1.0 suggests that the company may have difficulty meeting its short-term liabilities.
For Antero Midstream Corp:
- In 2023, the current ratio improved to 0.95 from 0.87 in 2022, indicating a slight enhancement in the company's short-term liquidity position.
- The current ratio decreased from 2021 to 2022, which may have raised concerns about the company's liquidity management during that period.
- In 2020, the current ratio was at 1.00, which suggests the company had just enough current assets to cover its current liabilities.
- The current ratio was significantly low in 2019 at 0.45, indicating potential liquidity challenges and a limited ability to meet short-term obligations.
Overall, while the current ratio has shown variability, the company seems to have made some improvements in managing its short-term liquidity position in recent years. However, stakeholders should continue to monitor this ratio to ensure the company can effectively cover its short-term liabilities.
Peer comparison
Dec 31, 2023