Antero Midstream Partners LP (AM)

Debt-to-assets 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
Long-term debt	US$ in thousands	3,116,960	3,171,660	3,186,580	3,174,870	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
Total assets	US$ in thousands	5,761,750	5,777,450	5,774,970	5,749,240	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
Debt-to-assets ratio		0.54	0.55	0.55	0.55	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,116,960K ÷ $5,761,750K
= 0.54

The debt-to-assets ratio of Antero Midstream Partners LP has been relatively stable over the analyzed period, ranging from 0.54 to 0.58. This ratio indicates the proportion of the company's assets that are financed by debt.

The ratio remained around the mid-0.5 range for most quarters, showing that a significant portion of the company's assets are funded by debt. This level suggests that the company is leveraging its assets to some extent to finance its operations or expansion.

The slight increase seen in the most recent quarters, reaching 0.58 by December 31, 2022, and then decreasing to 0.55 by June 30, 2024, may indicate some fluctuation in the company's debt levels relative to its asset base during this period.

Overall, the debt-to-assets ratio provides insight into Antero Midstream Partners LP's capital structure and financial risk, showing how much of the company's assets are financed through debt, which can be useful for assessing the company's financial health and risk management strategies.