Antero Resources Corp (AR)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,537,600	1,183,480	2,125,440	3,001,590	3,758,870
Total assets	US$ in thousands	13,619,400	14,118,000	13,896,500	13,150,800	15,197,600
Debt-to-assets ratio		0.11	0.08	0.15	0.23	0.25

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,537,600K ÷ $13,619,400K
= 0.11

The debt-to-assets ratio of Antero Resources Corp has shown a decreasing trend over the past five years, indicating a progressively stronger financial position in terms of leverage. In 2023, the ratio stands at 0.11, which implies that for every dollar of assets, the company owes $0.11 in debt. This suggests a conservative approach to financing its operations and investments, with a higher proportion of assets funded through equity rather than debt. The decreasing trend from 2020 to 2023 reflects the company's efforts to lower its dependence on debt for financing its assets, which can enhance its financial stability and reduce the associated interest burden. Overall, a lower debt-to-assets ratio signifies a lower financial risk and greater solvency for Antero Resources Corp.