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.


Peer comparison

Dec 31, 2023