Range Resources Corp (RRC)

Debt-to-capital 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 stockholders’ equity US$ in thousands 3,936,660 3,765,550 2,876,010 2,085,660 1,637,540
Debt-to-capital ratio 0.22 0.32 0.39 0.56 0.65

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,089,610K ÷ ($1,089,610K + $3,936,660K)
= 0.22

The debt-to-capital ratio of Range Resources Corp has shown a declining trend over the years, indicating a decreasing reliance on debt to fund its operations and investment activities.

As of December 31, 2020, the ratio stood at 0.65, suggesting that 65% of the company's capital structure was comprised of debt. By December 31, 2024, this ratio had decreased significantly to 0.22, indicating a reduction in the proportion of debt relative to the company's total capital.

The declining trend in the debt-to-capital ratio reflects Range Resources Corp's efforts to strengthen its financial position and reduce its financial risk. A lower debt-to-capital ratio is generally viewed positively by investors and creditors as it demonstrates a more conservative financial strategy and improved ability to meet financial obligations.

Overall, the decreasing debt-to-capital ratio of Range Resources Corp signifies a more balanced capital structure and improved financial stability over the years.