Range Resources Corp (RRC)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,936,660	3,868,090	3,861,030	3,826,770	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
Debt-to-capital ratio		0.22	0.22	0.22	0.00	0.32	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

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

Range Resources Corp's debt-to-capital ratio has fluctuated over the years. It was relatively low at 0.19 as of March 31, 2020, indicating a conservative level of leverage. However, the ratio increased significantly to 0.70 as of September 30, 2021, reflecting a greater reliance on debt to finance its operations.

Subsequently, there was a downward trend in the debt-to-capital ratio, reaching 0.39 as of December 31, 2022, suggesting improved financial health and reduced debt levels. Notably, the ratio dropped to 0.00 in March, June, and September 2023, signifying either a significant decrease in debt or an increase in capital.

However, there was a slight increase in the ratio to 0.32 as of December 31, 2023, before another temporary decrease to 0.00 in March 2024. By June 30, 2024, the ratio stood at 0.22, indicating a moderate level of debt relative to the company's capital structure.

Overall, although there have been fluctuations, Range Resources Corp's debt-to-capital ratio has shown some variability, suggesting changes in the company's capital structure and debt management strategies over the years. This could potentially impact the company's financial stability and risk profile.