Antero Midstream Partners LP (AM)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	5,761,750	5,737,620	5,791,320	5,544,000	5,610,910
Total stockholders’ equity	US$ in thousands	2,115,170	2,151,730	2,192,320	2,286,700	2,418,290
Financial leverage ratio		2.72	2.67	2.64	2.42	2.32

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,761,750K ÷ $2,115,170K
= 2.72

The financial leverage ratio of Antero Midstream Partners LP has shown a gradual increasing trend over the years. The ratio was 2.32 as of December 31, 2020, and has steadily risen to 2.72 by December 31, 2024. This indicates that the company's reliance on debt financing relative to its equity has been growing over the period under consideration. A higher financial leverage ratio may signify increased financial risk, as higher debt levels could lead to higher interest expenses and potential challenges in meeting debt obligations. It is important for stakeholders to closely monitor this trend and assess the company's ability to manage its debt levels effectively in order to maintain financial stability and sustainability.