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
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.