Antero Resources Corp (AR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | -3,446,490 | -3,420,460 | -2,614,810 | -2,889,000 |
| Short-term investments | US$ in thousands | — | — | — | 0 | — |
| Total current liabilities | US$ in thousands | 1,452,090 | 1,774,910 | 2,068,120 | 983,054 | 1,040,140 |
| Cash ratio | 0.00 | -1.94 | -1.65 | -2.66 | -2.78 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $1,452,090K
= 0.00
The cash ratio of Antero Resources Corp has shown a downward trend over the past five years. The ratio declined from 0.72 in 2019 to 0.30 in 2023. This may indicate a decrease in the company's ability to cover its short-term liabilities with its cash and cash equivalents alone. A lower cash ratio could imply potential liquidity challenges or increased reliance on sources other than cash for meeting its short-term obligations. Further analysis of the company's overall liquidity position and cash management practices is warranted to understand the reasons behind this trend.
Peer comparison
Dec 31, 2023