Antero Resources Corp (AR)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,537,600	1,606,900	1,492,270	1,312,050	1,183,480	1,172,830	1,577,210	1,959,940	2,125,440	2,341,030	2,415,160	2,568,690	3,001,590	3,158,220	3,518,080	3,707,790	3,758,870	3,703,830	3,602,380	3,475,950
Total assets	US$ in thousands	13,619,400	13,736,600	13,766,800	13,871,100	14,118,000	14,413,400	14,212,700	13,803,500	13,896,500	13,471,500	12,848,300	13,000,400	13,150,800	13,349,700	13,744,000	14,525,800	15,197,600	16,120,300	17,330,900	17,288,700
Debt-to-assets ratio		0.11	0.12	0.11	0.09	0.08	0.08	0.11	0.14	0.15	0.17	0.19	0.20	0.23	0.24	0.26	0.26	0.25	0.23	0.21	0.20

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 some fluctuations over the past eight quarters. In Q1 2022, the ratio was at its highest point for this period, standing at 0.14, indicating that the company relied more on debt to finance its assets at that time. However, from Q2 2022 to Q3 2022, there was a decrease in the ratio to 0.08, suggesting a reduction in the company's debt relative to its total assets.

In the subsequent quarters, the ratio remained relatively stable between 0.08 and 0.12, indicating a moderate level of leverage in the company's capital structure. This stability may suggest that Antero Resources Corp has been managing its debt and assets in a consistent manner during this period.

Overall, the trend in the debt-to-assets ratio for Antero Resources Corp over the past eight quarters demonstrates a modest use of debt to finance its operations and investments. It is essential for the company to maintain a balanced level of debt in relation to its assets to ensure financial stability and sustainable growth.