Antero Resources Corp (AR)

Current 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
Total current assets	US$ in thousands	475,692	422,419	384,728	437,642	787,525	977,654	1,015,500	724,776	686,119	708,853	550,440	586,307	574,139	521,782	842,277	1,120,020	922,885	729,500	713,049	544,896
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
Current ratio		0.33	0.29	0.26	0.29	0.44	0.38	0.41	0.28	0.33	0.25	0.29	0.48	0.58	0.50	0.97	1.15	0.89	0.62	0.58	0.43

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 variability over the past eight quarters. It has ranged from a low of 0.26 in Q2 2023 to a high of 0.44 in Q4 2022. This ratio measures the company's ability to cover its short-term obligations with its current assets.

A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets. Antero's current ratio has been consistently below 1, which may raise concerns about its liquidity and ability to manage short-term financial obligations.

The downward trend in the current ratio from Q4 2022 to Q2 2023 suggests that the company's liquidity position may be deteriorating. Investors and creditors may view this trend negatively, as it indicates a potential strain on the company's ability to meet its short-term financial obligations.

Antero Resources Corp should closely monitor its current ratio and take appropriate measures to improve its liquidity position, such as increasing current assets or reducing short-term liabilities, to ensure its financial health in the long term.