Antero Resources Corp (AR)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	13,619,400	14,118,000	13,896,500	13,150,800	15,197,600
Total stockholders’ equity	US$ in thousands	6,981,400	6,754,560	5,757,160	5,767,700	6,970,740
Financial leverage ratio		1.95	2.09	2.41	2.28	2.18

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,619,400K ÷ $6,981,400K
= 1.95

Antero Resources Corp's financial leverage ratio has fluctuated over the past five years, ranging from 1.95 to 2.41. The trend indicates a slight decrease in leverage from 2.41 in 2021 to 1.95 in 2023, with slight fluctuations in between. A lower financial leverage ratio suggests a lower level of debt relative to equity, which may indicate a more conservative capital structure. However, it is important to consider the industry norms and the company's specific circumstances when assessing the implications of these changes in the financial leverage ratio. Investors and creditors may view a lower ratio positively as it signifies reduced financial risk and potential stability.