Antero Midstream Partners LP (AM)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 3,143,410 | 3,523,030 | 3,972,360 | 4,035,550 |
| Debt-to-equity ratio | 1.49 | 1.51 | 1.54 | 1.53 | 1.53 | 1.42 | 1.42 | 1.39 | 1.37 | 1.34 | 1.33 | 1.32 | 1.28 | 1.26 | 1.22 | 1.20 | 0.92 | 0.75 | 0.64 | 0.59 |
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 been showing a fluctuating trend over the past eight quarters. The ratio has been relatively stable within a range of 1.39 to 1.54, indicating a moderate level of financial leverage during this period. A higher debt-to-equity ratio suggests that the company is relying more on debt financing relative to equity, which can increase financial risk but also potentially enhance returns for shareholders. It is important for investors and stakeholders to closely monitor this ratio to assess the company's financial health and its ability to meet its debt obligations.
Peer comparison
Dec 31, 2023