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