Range Resources Corp (RRC)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	1,089,610	1,774,230	1,841,960	2,707,770	3,040,250
Total assets	US$ in thousands	7,347,680	7,203,880	6,625,560	6,660,510	6,136,940
Debt-to-assets ratio		0.15	0.25	0.28	0.41	0.50

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,089,610K ÷ $7,347,680K
= 0.15

Range Resources Corp's debt-to-assets ratio has shown a decreasing trend over the years, indicating an improving financial position in terms of leverage. As of December 31, 2020, the ratio stood at 0.50, which means that 50% of the company's assets were financed by debt. By December 31, 2024, the ratio had decreased to 0.15, implying that only 15% of the assets were funded through debt.

This decline in the debt-to-assets ratio suggests that Range Resources Corp has been reducing its reliance on debt to finance its operations and investments, which may lower its financial risk and enhance its ability to withstand economic downturns. Overall, the decreasing trend in the ratio indicates a positive development in the company's financial health and stability.