Range Resources (LTS:0KTW) Debt-to-Asset : 0.26 (As of Mar. 2024)

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What is Range Resources Debt-to-Asset?

Range Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $81 Mil. Range Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,827 Mil. Range Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $7,372 Mil. Range Resources's debt to asset for the quarter that ended in Mar. 2024 was 0.26.

Range Resources Debt-to-Asset Historical Data

The historical data trend for Range Resources's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Range Resources Debt-to-Asset Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.49

0.51

0.44

0.28

0.25

Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.27	0.26	0.26	0.25	0.26

Competitive Comparison of Range Resources's Debt-to-Asset

For the Oil & Gas E&P subindustry, Range Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Range Resources's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Range Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Range Resources's Debt-to-Asset falls into.

Range Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Range Resources's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1790.293)	/	7203.885
	=	0.25

Range Resources's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(81.044	+	1826.565)	/	7371.801
	=	0.26

Range Resources (LTS:0KTW) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Range Resources Debt-to-Asset Related Terms

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Range Resources (LTS:0KTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (LTS:0KTW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

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