Antero Midstream Partners LP (AM)
Debt-to-equity 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-equity ratio | 1.49 | 1.53 | 1.37 | 1.28 | 0.92 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,213,220K ÷ $2,151,730K
= 1.49
The debt-to-equity ratio of Antero Midstream Corp has shown an increasing trend over the past five years, rising from 0.92 in 2019 to 1.49 in 2023. This indicates that the company's reliance on debt to finance its operations and investments has been growing relative to its equity over the period. A higher debt-to-equity ratio suggests that the company is more leveraged and may face higher financial risks, such as higher interest payments and potential difficulties in servicing its debt obligations. It would be important for stakeholders to closely monitor the company's ability to manage its debt levels and maintain a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2023