Range Resources Corp (RRC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,347,680 | 7,203,880 | 6,625,560 | 6,660,510 | 6,136,940 |
| Total stockholders’ equity | US$ in thousands | 3,936,660 | 3,765,550 | 2,876,010 | 2,085,660 | 1,637,540 |
| Financial leverage ratio | 1.87 | 1.91 | 2.30 | 3.19 | 3.75 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,347,680K ÷ $3,936,660K
= 1.87
Range Resources Corp's financial leverage ratio has shown a declining trend over the five-year period from 2020 to 2024, indicating an improvement in the company's ability to meet its financial obligations using debt. The ratio decreased from 3.75 in 2020 to 1.87 in 2024. This downward trend suggests that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio generally signifies a lower risk of financial distress, as the company has a stronger equity position relative to its debt. Overall, the decreasing trend in Range Resources Corp's financial leverage ratio reflects a positive development in the company's financial health and stability.
Peer comparison
Dec 31, 2024