Range Resources Corp (RRC)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	1,089,610	1,089,130	1,088,660	—	1,774,230	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
Total assets	US$ in thousands	7,347,680	7,241,300	7,266,220	7,371,800	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
Debt-to-assets ratio		0.15	0.15	0.15	0.00	0.25	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

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 fluctuated over the past few years. The ratio was relatively low at 0.09 as of March 31, 2020, indicating a low level of debt relative to its total assets. However, the ratio increased significantly to 0.51 by September 30, 2020, suggesting a higher proportion of debt in the company's capital structure.

Subsequently, the debt-to-assets ratio trended downwards to around 0.41 to 0.28 from December 31, 2021, to June 30, 2022, indicating a reduction in the company's debt relative to its assets. The ratio dropped sharply to 0.00 from March 31, 2023, to June 30, 2023, suggesting that the company may have paid off its debt entirely or significantly reduced it during this period.

Between September 30, 2023, and December 31, 2024, the debt-to-assets ratio fluctuated within a narrow range of 0.00 to 0.25, indicating a relatively low level of debt compared to its total assets. Overall, the decreasing trend in the debt-to-assets ratio from 2020 to 2023 may signify improved financial stability and lower financial risk for Range Resources Corp.