Antero Resources Corp (AR)

Financial leverage 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
Total assets US$ in thousands 13,010,000 13,223,600 13,415,800 13,548,500 13,517,200 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
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
Financial leverage ratio 1.85 1.89 1.92 1.92 1.96 2.00 2.02 2.01 2.09 2.32 2.37 2.52 2.41 2.78 2.38 2.21 2.28 2.36 2.24 2.20

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,010,000K ÷ $7,021,650K
= 1.85

Antero Resources Corp's financial leverage ratio has exhibited fluctuations over the past few years. The ratio was relatively stable around the 2.20 to 2.30 range from March 2020 to June 2022. However, there was a noticeable increase in the ratio in the following quarters, reaching a peak of 2.78 in September 2021.

Subsequently, the financial leverage ratio started to decrease from its peak, showing a downward trend since December 2021. The ratio dropped consistently from 2.52 in March 2022 to 1.85 in December 2024. Overall, the trend indicates a reduction in the company's reliance on debt to finance its operations and investments, potentially signaling improved financial stability and risk management.