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 | ||
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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