Antero Resources Corp (AR)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | -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 | 31,610 | -3,233,190 | -3,334,440 | -3,437,680 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 236,597 | 237,668 | 241,158 | 0 | 272,926 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,040,140 | 1,171,170 | 1,221,110 | 1,266,780 |
| Cash ratio | 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 | 0.03 | -2.76 | -2.73 | -2.71 |
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 some fluctuations over the past eight quarters, ranging from a low of 0.23 in Q2 2023 to a high of 0.42 in Q4 2022. The cash ratio measures a company's ability to cover its short-term liabilities with cash and cash equivalents alone.
An increasing trend in the cash ratio indicates a stronger ability to meet current obligations without relying on external sources of liquidity. On the other hand, a decreasing trend may indicate potential liquidity challenges or inefficient cash management.
The average cash ratio for Antero Resources Corp over the eight quarters is approximately 0.32, which implies that, on average, the company holds $0.32 in cash and cash equivalents for every dollar of current liabilities.
It's essential for investors and analysts to monitor changes in the cash ratio over time to assess the company's liquidity position and financial health accurately. It is also recommended to compare the cash ratio with industry benchmarks to gain a better understanding of Antero Resources Corp's performance relative to its peers.
Peer comparison
Dec 31, 2023