Range Resources Corp (RRC)

Debt-to-equity 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-equity ratio		0.28	0.28	0.28	0.00	0.47	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

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 fluctuations over the years, indicating changes in the company's financial leverage. The ratio was relatively low at 0.24 as of March 31, 2020, signaling a conservative capital structure with more equity than debt. However, there was a significant increase to 1.35 by June 30, 2020, and continued to rise reaching a peak of 2.31 by September 30, 2021.

Subsequently, there was a downward trend in the ratio, dropping to 0.64 by December 31, 2022. Notably, the ratio fell to 0.00 as of March 31, 2023, June 30, 2023, and September 30, 2023, indicating a significant shift towards less debt in comparison to equity during this period.

By December 31, 2023, the ratio increased to 0.47, showing a slight uptick in debt relative to equity. Over the following quarters, the ratio remained relatively stable, ranging from 0.28 to 0.85. As of June 30, 2024, the debt-to-equity ratio stood at 0.28, reflecting a moderate level of financial leverage.

Overall, the debt-to-equity ratio of Range Resources Corp has shown variability, suggesting changes in the company's capital structure and its reliance on debt financing. Investors and stakeholders may monitor this ratio closely to assess the company's financial risk and solvency position.