Range Resources Corp (RRC)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.64	0.85	0.93	1.14	1.30	2.31	1.99	1.84	1.86	1.91	1.35	0.24	1.35	0.09	0.22	0.23

December 31, 2023 calculation

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

Range Resources Corp's debt-to-equity ratio has fluctuated over the past eight quarters. In Q4 2023, the ratio was 0.47, indicating that the company had a lower level of debt relative to its equity. This suggests that Range Resources Corp relied more on equity financing than debt financing during this period.

Comparing to previous quarters, the debt-to-equity ratio has been gradually decreasing from Q1 2022 to Q4 2023, showing an improving financial position overall. The trend indicates that the company has been effectively managing its debt levels and potentially reducing financial risk.

In Q1 2022, Range Resources Corp had a relatively high debt-to-equity ratio of 1.61, which could suggest higher financial leverage and greater reliance on debt financing. However, the subsequent quarters showed a downward trend in the ratio, indicating a shift towards a more balanced capital structure and lower financial risk.

It is important to continue monitoring Range Resources Corp's debt-to-equity ratio to assess the company's ability to manage its debt levels and evaluate its overall financial health and risk profile.