Antero Midstream Partners LP (AM)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 91,128 | 95,534 | 93,906 | 98,414 | 88,993 | 80,785 | 77,057 | 80,290 | 83,804 | 87,490 | 92,438 | 91,167 | 93,931 | 108,008 | 100,669 | 151,372 | 108,558 | 109,224 | 115,367 | 116,719 |
| Total current liabilities | US$ in thousands | 96,417 | 110,649 | 96,609 | 96,219 | 102,077 | 106,382 | 123,772 | 139,129 | 114,009 | 118,690 | 117,837 | 79,750 | 94,005 | 61,259 | 98,145 | 83,560 | 242,084 | 259,628 | 237,504 | 118,062 |
| Current ratio | 0.95 | 0.86 | 0.97 | 1.02 | 0.87 | 0.76 | 0.62 | 0.58 | 0.74 | 0.74 | 0.78 | 1.14 | 1.00 | 1.76 | 1.03 | 1.81 | 0.45 | 0.42 | 0.49 | 0.99 |
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 last eight quarters. The ratio ranged from a low of 0.58 in Q1 2022 to a high of 1.02 in Q1 2023. It indicates the company's ability to meet its short-term obligations using its current assets.
A ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities with its current assets alone. Antero Midstream Corp had ratios below 1 in some quarters, indicating potential liquidity challenges during those periods. However, the company improved its current ratio in Q1 and Q2 2023, signaling a better ability to cover its short-term obligations.
It is important for stakeholders to monitor the current ratio to assess the company's liquidity position. Overall, while the current ratio has fluctuated, the recent improvement indicates a strengthening liquidity position for Antero Midstream Corp.
Peer comparison
Dec 31, 2023