Antero Resources Corp (AR)

Financial leverage 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
Total assets	US$ in thousands	13,619,400	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	15,197,600	16,120,300	17,330,900	17,288,700
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
Financial leverage ratio		1.95	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	2.18	2.16	2.08	2.08

December 31, 2023 calculation

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

The financial leverage ratio of Antero Resources Corp has shown a decreasing trend over the last four quarters, dropping from 2.09 in Q4 2022 to 1.95 in Q4 2023. A decreasing trend in the financial leverage ratio may indicate that the company is relying less on debt to finance its operations and investments.

However, it is important to note that the financial leverage ratio has fluctuated between 1.95 and 2.09 over the past year, suggesting some volatility in the company's capital structure. This could be a result of various factors such as changes in debt levels, equity financing, or changes in the company's assets.

Overall, a financial leverage ratio of around 2 indicates that the company has a moderate level of debt in its capital structure. Investors and stakeholders should continue to monitor the trend of this ratio to assess the company's financial risk and its ability to meet its debt obligations.