Antero Resources Corp (AR)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	6,981,400	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	6,970,740	7,446,700	8,339,700	8,292,800
Debt-to-equity ratio		0.22	0.23	0.22	0.19	0.18	0.19	0.26	0.36	0.37	0.48	0.45	0.44	0.52	0.56	0.57	0.56	0.54	0.50	0.43	0.42

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,537,600K ÷ $6,981,400K
= 0.22

The debt-to-equity ratio of Antero Resources Corp has shown relatively stable trends over the past eight quarters, with values ranging from 0.18 to 0.36. The ratio indicates the proportion of debt financing relative to equity financing in the company's capital structure. A lower ratio suggests a lower dependence on debt for funding operations, which can indicate a more conservative financial strategy.

Throughout the quarters provided, the company's debt-to-equity ratio has generally remained low, hovering around the 0.2 range. This suggests that Antero Resources Corp has maintained a conservative approach to financing its operations, relying more on equity than debt to support its business activities.

The slight fluctuation in the ratio over the quarters may indicate varying levels of debt and equity in the company's capital structure, potentially influenced by factors such as capital expenditures, debt repayments, or equity issuance.

Overall, the stable and relatively low debt-to-equity ratio of Antero Resources Corp indicates a prudent financial management approach, balancing the use of debt and equity to support sustainable growth and financial stability.