Range Resources Corp (RRC)

Debt-to-equity 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-equity ratio		0.28	0.47	0.64	1.30	1.86

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,089,610K ÷ $3,936,660K
= 0.28

Range Resources Corp's debt-to-equity ratio has shown a declining trend over the past five years, decreasing from 1.86 in December 2020 to 0.28 in December 2024. This indicates that the company has been gradually decreasing its reliance on debt financing in relation to equity. A decreasing debt-to-equity ratio is generally considered positive as it suggests a lower level of financial leverage and lower financial risk. It also indicates that the company may have been effectively managing its debt levels and improving its financial stability over the period. Investors and creditors tend to view a decreasing debt-to-equity ratio favorably as it signifies a stronger financial position and potentially greater ability to weather economic downturns or financial challenges.