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.


Peer comparison

Dec 31, 2023