Range Resources Corp (RRC)
Debt-to-assets 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 | ||
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Long-term debt | US$ in thousands | 0 | 0 | 0 | 0 | 1,841,960 | 1,831,680 | 1,830,500 | 1,829,730 | 2,707,770 | 2,730,470 | 3,036,660 | 3,055,220 | 3,040,250 | 3,042,130 | 3,165,130 | 594,250 | 3,172,940 | 367,899 | 934,266 | 933,632 |
Total assets | US$ in thousands | 7,203,880 | 6,845,940 | 6,790,170 | 6,882,270 | 6,625,560 | 6,919,780 | 6,615,100 | 6,560,280 | 6,660,510 | 6,304,190 | 6,229,430 | 6,174,660 | 6,136,940 | 6,012,900 | 6,452,210 | 6,589,640 | 6,612,400 | 8,854,200 | 9,728,310 | 9,635,060 |
Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 0.26 | 0.28 | 0.28 | 0.41 | 0.43 | 0.49 | 0.49 | 0.50 | 0.51 | 0.49 | 0.09 | 0.48 | 0.04 | 0.10 | 0.10 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $7,203,880K
= 0.00
The debt-to-assets ratio of Range Resources Corp has shown a decreasing trend from Q1 2022 to Q4 2023, indicating a positive financial development. The ratio has declined steadily from 0.39 in Q1 2022 to 0.25 in Q4 2023. This decreasing trend suggests that the company has been reducing its reliance on debt financing in relation to its total assets over the specified period. A lower debt-to-assets ratio is generally favorable as it signifies a more conservative capital structure and lower financial risk. Range Resources Corp's management of debt levels appears to have improved, which could enhance its financial stability and creditworthiness in the long term.
Peer comparison
Dec 31, 2023