Antero Resources Corp (AR)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | — | — | -2,934,890 | — | -3,132,360 | -3,265,690 | -3,405,100 | -3,446,490 | -3,542,980 | -3,356,320 | -3,285,900 | -3,420,460 | -2,970,360 | 4,541 | -2,550,230 | 1 | -2,661,680 | -6,793 | -2,816,600 |
| Short-term investments | US$ in thousands | — | -2,507 | — | — | — | — | — | — | — | — | — | — | — | 236,597 | 237,668 | 241,158 | 0 | 272,926 | — | — |
| Total current liabilities | US$ in thousands | 1,445,930 | 1,323,960 | 1,406,010 | 1,382,900 | 1,452,090 | 1,461,050 | 1,506,860 | 1,497,540 | 1,774,910 | 2,544,020 | 2,475,400 | 2,551,050 | 2,068,120 | 2,802,680 | 1,883,100 | 1,221,330 | 983,054 | 1,035,380 | 864,240 | 971,874 |
| Cash ratio | 0.00 | -0.00 | 0.00 | -2.12 | 0.00 | -2.14 | -2.17 | -2.27 | -1.94 | -1.39 | -1.36 | -1.29 | -1.65 | -0.98 | 0.13 | -1.89 | 0.00 | -2.31 | -0.01 | -2.90 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $1,445,930K
= 0.00
The cash ratio for Antero Resources Corp depicts a fluctuating trend over the reported periods. The ratio, which measures the company's ability to cover its current liabilities with its cash and cash equivalents, has varied between negative and zero values.
From March 31, 2020, to September 30, 2021, the cash ratio remained negative, indicating that the company did not have sufficient cash and cash equivalents to cover its short-term obligations. In June 2021, the ratio turned positive at 0.13, suggesting an improvement in liquidity. However, this was short-lived as the ratio turned negative again in the following periods.
Antero Resources faced challenges in maintaining a stable cash position to meet its current liabilities, as evidenced by the predominantly negative cash ratios. Consistently low or negative cash ratios may indicate potential liquidity issues or inefficiencies in managing working capital.
It is important for investors and stakeholders to closely monitor the company's cash management strategies and liquidity position, as reflected by the cash ratio, to assess its short-term financial health and ability to meet obligations as they come due.
Peer comparison
Dec 31, 2024