Antero Resources Corp (AR)

Debt-to-equity 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-equity ratio		0.21	0.23	0.23	0.21	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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,489,230K ÷ $7,021,650K
= 0.21

The debt-to-equity ratio of Antero Resources Corp has shown a decreasing trend over the past five years, indicating a more conservative capital structure and lower financial risk.

As of December 31, 2024, the debt-to-equity ratio was at 0.21, suggesting that the company's total debt was 21% of its total equity. This ratio has been consistently decreasing from 0.56 in March 2020 to 0.21 in December 2024, demonstrating improvements in the company's financial leverage.

The decreasing trend in the debt-to-equity ratio indicates that Antero Resources Corp has been effectively managing its debt levels relative to its equity, which is generally viewed positively by investors and creditors. By maintaining a lower debt-to-equity ratio, the company may have improved financial stability and reduced potential bankruptcy risk.

Overall, the decreasing debt-to-equity ratio of Antero Resources Corp reflects a prudent approach to managing its financial obligations and leveraging its equity to support its operations and growth initiatives.