Antero Resources Corp (AR)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 34,413 | 26,156 | 23,552 | 40,121 | 42,619 | 36,928 | 36,887 | 30,207 | 35,488 | 23,770 | 25,375 | 45,755 | 78,998 | 34,768 | 36,145 | 86,657 | 28,457 | 88,062 | 57,013 | 91,944 |
| 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 |
| Quick ratio | 0.02 | 0.02 | 0.02 | -2.09 | 0.03 | -2.12 | -2.14 | -2.25 | -1.92 | -1.38 | -1.35 | -1.27 | -1.62 | -0.96 | 0.15 | -1.82 | 0.03 | -2.22 | 0.06 | -2.80 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $34,413K)
÷ $1,445,930K
= 0.02
The quick ratio of Antero Resources Corp indicates its ability to meet its short-term financial obligations using its most liquid assets. A quick ratio below 1.0 typically suggests a company may struggle to pay off its current liabilities without selling inventory or obtaining additional financing.
Looking at the data provided, the quick ratio fluctuates significantly from negative numbers to positive numbers throughout the quarters. This volatility can indicate instability in the company's ability to cover its current liabilities with its quick assets, such as cash and marketable securities.
In general, negative quick ratios imply that the company may have more short-term liabilities than liquid assets available to meet those obligations. On the other hand, positive quick ratios indicate that the company has sufficient liquid assets to cover its short-term liabilities.
It is crucial for Antero Resources Corp to closely monitor its quick ratio over time and work towards maintaining a healthier ratio, ideally consistently above 1.0, to ensure its financial stability and liquidity position in the short term.
Peer comparison
Dec 31, 2024