Antero Midstream Partners LP (AM)

Financial leverage 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
Total assets	US$ in thousands	5,761,750	5,777,450	5,774,970	5,749,240	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
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
Financial leverage ratio		2.72	2.71	2.71	2.67	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

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 been showing a gradual increase over the years, indicating a rise in the company's reliance on debt financing to support its operations and growth. The ratio has progressively increased from 2.23 as of March 31, 2020, to 2.72 as of December 31, 2024.

This trend suggests that the company's debt levels have been rising relative to its equity, which may increase financial risk and interest obligations. It is important to closely monitor the financial leverage ratio to ensure that the company maintains a healthy balance between debt and equity to support its long-term financial stability and growth prospects.