Antero Midstream Partners LP (AM)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,737,620 | 5,758,710 | 5,752,880 | 5,770,530 | 5,791,320 | 5,563,820 | 5,585,500 | 5,580,590 | 5,544,000 | 5,533,630 | 5,540,740 | 5,546,760 | 5,610,910 | 5,673,500 | 5,715,060 | 5,781,360 | 6,282,880 | 6,445,500 | 6,769,010 | 6,668,430 |
| 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 |
| Financial leverage ratio | 2.67 | 2.68 | 2.67 | 2.65 | 2.64 | 2.52 | 2.50 | 2.47 | 2.42 | 2.39 | 2.38 | 2.35 | 2.32 | 2.28 | 2.27 | 2.23 | 2.00 | 1.83 | 1.70 | 1.65 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,737,620K ÷ $2,151,730K
= 2.67
The financial leverage ratio of Antero Midstream Corp has been relatively stable over the past eight quarters, ranging from 2.47 to 2.68. The ratio measures the proportion of the company's total assets that are financed by debt, with a higher ratio indicating a higher level of debt financing.
Antero Midstream Corp's financial leverage ratio has been gradually increasing over the quarters, suggesting a slight shift towards more debt financing. Overall, the company's leverage ratio is within a reasonable range, indicating a moderate level of financial risk. Investors and creditors may find this ratio useful in assessing the company's ability to meet its debt obligations and its overall financial stability.
Peer comparison
Dec 31, 2023