Antero Midstream Partners LP (AM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,115,170 | 2,129,900 | 2,127,090 | 2,150,380 | 2,151,730 | 2,151,140 | 2,153,040 | 2,175,480 | 2,192,320 | 2,211,860 | 2,230,120 | 2,259,950 | 2,286,700 | 2,312,590 | 2,328,440 | 2,356,870 | 2,418,290 | 2,485,490 | 2,523,180 | 2,588,960 |
| Debt-to-capital ratio | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | 0.61 | 0.60 | 0.61 | 0.59 | 0.59 | 0.58 | 0.58 | 0.57 | 0.57 | 0.57 | 0.56 | 0.56 | 0.55 | 0.55 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,116,960K ÷ ($3,116,960K + $2,115,170K)
= 0.60
The debt-to-capital ratio of Antero Midstream Partners LP has been gradually increasing over the years based on the provided data. The ratio has shown a steady upward trend from 0.55 as of March 31, 2020, to 0.60 as of December 31, 2024. This indicates that the company's proportion of debt relative to its total capital has been increasing over the years.
The increasing trend in the debt-to-capital ratio could imply that Antero Midstream Partners LP has been relying more on debt financing compared to equity financing to support its operations and growth. While a higher debt-to-capital ratio can be a sign of financial leverage, which can amplify returns for shareholders, it also potentially increases the company's financial risk as higher debt levels imply higher interest payments and potential insolvency risk if not managed properly.
Overall, monitoring the debt-to-capital ratio over time can provide insights into the company's capital structure and financial health, highlighting its ability to manage debt levels effectively while maintaining a balance between debt and equity financing.
Peer comparison
Dec 31, 2024