Antero Midstream Partners LP (AM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,213,220 | 3,258,540 | 3,306,670 | 3,331,320 | 3,361,280 | 3,143,170 | 3,157,970 | 3,133,180 | 3,122,910 | 3,095,560 | 3,087,730 | 3,103,430 | 3,091,630 | 3,121,820 | 3,088,780 | 3,103,760 | 2,892,250 | 2,657,750 | 2,526,330 | 2,389,990 |
| Total assets | US$ in thousands | 5,737,620 | 5,758,710 | 5,752,880 | 5,770,530 | 5,791,320 | 5,563,820 | 5,585,500 | 5,580,590 | 5,544,000 | 5,533,630 | 5,540,740 | 5,546,760 | 5,610,910 | 5,673,500 | 5,715,060 | 5,781,360 | 6,282,880 | 6,445,500 | 6,769,010 | 6,668,430 |
| Debt-to-assets ratio | 0.56 | 0.57 | 0.57 | 0.58 | 0.58 | 0.56 | 0.57 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.55 | 0.55 | 0.54 | 0.54 | 0.46 | 0.41 | 0.37 | 0.36 |
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 been relatively stable over the past eight quarters, ranging from 0.56 to 0.58. This indicates that, on average, the company finances approximately 56-58% of its assets through debt.
A ratio of 0.56-0.58 suggests that a significant portion of Antero Midstream Corp's assets are financed by debt, which may indicate a moderate level of financial leverage. The company's ability to meet its debt obligations and manage financial risk should be closely monitored, as changes in market conditions or the company's financial performance could impact its debt servicing capabilities.
Overall, the trend in the debt-to-assets ratio implies that Antero Midstream Corp has maintained a consistent level of debt relative to its assets in recent quarters, but ongoing monitoring and analysis of its financial health and debt management practices are warranted.
Peer comparison
Dec 31, 2023