Range Resources Corp (RRC)

Financial leverage 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
Total assets	US$ in thousands	7,347,680	7,241,300	7,266,220	7,371,800	7,203,880	6,845,940	6,790,170	6,882,270	6,625,560	6,919,780	6,615,100	6,560,280	6,660,510	6,304,190	6,229,430	6,174,660	6,136,940	6,012,900	6,452,210	6,589,640
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
Financial leverage ratio		1.87	1.87	1.88	1.93	1.91	1.99	2.00	2.08	2.30	3.20	3.35	4.10	3.19	5.34	4.09	3.71	3.75	3.77	2.76	2.64

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 fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 2.64 in March 31, 2020, indicating that the company had $2.64 of debt for every $1 of equity.

The financial leverage ratio increased steadily, reaching its peak at 5.34 in September 30, 2021, suggesting a higher level of debt relative to equity. This may indicate increased financial risk as the company was relying more on debt financing.

However, from that point onwards, there was a downward trend in the financial leverage ratio, suggesting a reduction in the company's debt levels in relation to equity. By December 31, 2024, the financial leverage ratio had decreased to 1.87, indicating that the company had $1.87 of debt for every $1 of equity.

Overall, the trend in Range Resources Corp's financial leverage ratio indicates fluctuations in its capital structure and debt management over the period analyzed. It is important for investors and stakeholders to monitor these ratios to assess the company's financial risk and stability.