Antero Midstream Partners LP (AM)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	118,064	99,876	103,598	133,688	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
Total current liabilities	US$ in thousands	100,612	91,520	115,969	107,319	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
Current ratio		1.17	1.09	0.89	1.25	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $118,064K ÷ $100,612K
= 1.17

The current ratio of Antero Midstream Partners LP has shown fluctuations over the past few years, ranging from a low of 0.58 to a high of 1.81. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, implying a strong liquidity position.

From the data provided, we observe that the current ratio decreased to as low as 0.58 on March 31, 2022, indicating a potential liquidity challenge during that period. However, the ratio improved subsequently, reaching 1.25 on March 31, 2024, indicating a healthier liquidity position.

It is important for investors and stakeholders to monitor the current ratio trend over time to assess the company's liquidity and ability to meet its short-term obligations. Although there have been fluctuations in Antero Midstream Partners LP's current ratio, the company's recent ratios above 1 indicate that it has, in general, had sufficient current assets to cover its short-term liabilities.