Range Resources Corp (RRC)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,765,550	3,447,580	3,387,610	3,305,460	2,876,010	2,163,480	1,977,180	1,600,100	2,085,660	1,181,280	1,523,260	1,663,850	1,637,540	1,593,970	2,336,020	2,495,810	2,347,490	4,158,190	4,182,250	4,062,660
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.39	0.46	0.48	0.53	0.56	0.70	0.67	0.65	0.65	0.66	0.58	0.19	0.57	0.08	0.18	0.19

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $3,765,550K)
= 0.00

Range Resources Corp's debt-to-capital ratio has shown a decreasing trend over the past eight quarters, indicating an improving financial position in terms of leverage. The ratio decreased from 0.62 in Q1 2022 to 0.32 in Q4 2023. This suggests that the company has been successful in reducing its debt relative to its total capital over this period.

A lower debt-to-capital ratio is generally considered favorable as it indicates lower financial risk and greater financial stability. The decreasing trend in the ratio implies that Range Resources Corp has been able to repay its debt or raise additional capital through equity financing, thereby improving its overall financial health.

It is important to monitor this ratio in conjunction with other financial metrics to get a comprehensive understanding of the company's financial health and leverage position. Overall, the decreasing debt-to-capital ratio of Range Resources Corp indicates a positive trend towards a stronger financial position.