Antero Midstream Partners LP (AM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,151,730 | 2,192,320 | 2,286,700 | 2,418,290 | 3,143,410 |
| Debt-to-capital ratio | 0.60 | 0.61 | 0.58 | 0.56 | 0.48 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,213,220K ÷ ($3,213,220K + $2,151,730K)
= 0.60
The debt-to-capital ratio of Antero Midstream Corp has shown a fluctuating trend over the past five years. The ratio increased from 0.48 in 2019 to 0.61 in 2022, indicating a higher proportion of debt in the capital structure. However, in 2023, the ratio decreased to 0.60.
It is important to note that a higher debt-to-capital ratio can suggest greater financial risk due to increased leverage. Conversely, a lower ratio may indicate a more conservative capital structure with less reliance on debt financing.
Overall, the debt-to-capital ratio of Antero Midstream Corp has varied over the years, reflecting changes in the company's financing decisions and capital structure management. This ratio provides insights into the company's leverage and financial risk profile, which can be crucial for investors and stakeholders assessing the company's financial health and stability.
Peer comparison
Dec 31, 2023