Antero Resources Corp (AR)

Debt-to-capital 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
Long-term debt US$ in thousands 1,489,230 1,622,320 1,591,210 1,510,110 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
Total stockholders’ equity US$ in thousands 7,021,650 6,979,960 6,985,010 7,050,850 6,901,520 6,862,080 6,825,890 6,911,360 6,754,560 6,211,480 6,003,610 5,473,790 5,757,160 4,850,300 5,397,460 5,874,690 5,767,700 5,668,130 6,136,160 6,592,540
Debt-to-capital ratio 0.17 0.19 0.19 0.18 0.18 0.19 0.18 0.16 0.15 0.16 0.21 0.26 0.27 0.33 0.31 0.30 0.34 0.36 0.36 0.36

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,489,230K ÷ ($1,489,230K + $7,021,650K)
= 0.17

The debt-to-capital ratio of Antero Resources Corp has shown a decreasing trend over the past few years, declining from 0.36 as of March 31, 2020, to 0.17 as of December 31, 2024. This ratio indicates that Antero Resources relies less on debt to finance its operations and investment activities compared to its total capital structure. The decreasing trend suggests that the company is effectively managing its debt levels relative to its capital base, which may indicate improved financial health and reduced risk of financial distress. A lower debt-to-capital ratio generally signifies lower financial risk and greater financial stability for the company.