Antero Midstream Partners LP (AM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,213,220 | 3,361,280 | 3,122,910 | 3,091,630 | 2,892,250 |
| Total assets | US$ in thousands | 5,737,620 | 5,791,320 | 5,544,000 | 5,610,910 | 6,282,880 |
| Debt-to-assets ratio | 0.56 | 0.58 | 0.56 | 0.55 | 0.46 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,213,220K ÷ $5,737,620K
= 0.56
The debt-to-assets ratio of Antero Midstream Corp has shown stability over the past five years, fluctuating within a relatively narrow range between 0.46 and 0.58. This ratio indicates the proportion of the company's assets that are financed through debt, with a higher ratio suggesting a greater reliance on debt to fund its operations and investments.
Antero Midstream Corp's debt-to-assets ratio was 0.56 as of December 31, 2023, a slight decrease from the previous year's ratio of 0.58. This reduction may suggest improved financial management or a shift towards a more conservative debt structure. However, it is essential to consider the industry norms and the company's overall financial strategy when evaluating this ratio.
Overall, the trend in Antero Midstream Corp's debt-to-assets ratio demonstrates a consistent level of leverage over the years, indicating a balanced approach to financing its assets. It is crucial for investors and stakeholders to monitor this ratio along with other financial metrics to assess the company's financial health and risk profile effectively.
Peer comparison
Dec 31, 2023