Antero Resources Corp (AR)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	475,692	787,525	686,119	574,139	922,885
Total current liabilities	US$ in thousands	1,452,090	1,774,910	2,068,120	983,054	1,040,140
Current ratio		0.33	0.44	0.33	0.58	0.89

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $475,692K ÷ $1,452,090K
= 0.33

The current ratio of Antero Resources Corp has shown a decreasing trend over the past five years, indicating a deteriorating liquidity position. As of December 31, 2023, the current ratio stands at 0.33, suggesting that the company may face challenges in meeting its short-term obligations with its current assets alone.

The current ratio was at its highest in 2019 at 0.89, declining steadily in subsequent years. This downward trend may indicate potential issues with managing current assets and liabilities efficiently.

A current ratio below 1 typically raises concerns about a company's ability to cover its short-term liabilities. Investors and creditors may view a current ratio below 1 as a sign of potential liquidity problems and an increased risk of default.

Overall, the declining current ratio of Antero Resources Corp highlights the importance of closely monitoring liquidity management strategies to ensure the company's financial health and stability.