Antero Resources (Antero Resources) Debt-to-EBITDA : 3.19 (As of Dec. 2023)

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Antero Resources (Antero Resources) Definition

Debt-to-EBITDA measures a company's ability to pay off its debt.

Antero Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $540 Mil. Antero Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,966 Mil. Antero Resources's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,414 Mil. Antero Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.19.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Antero Resources's Debt-to-EBITDA or its related term are showing as below:

AR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -26.14 Med: 2.75 Max: 8.53
Current: 3.67

During the past 13 years, the highest Debt-to-EBITDA Ratio of Antero Resources was 8.53. The lowest was -26.14. And the median was 2.75.

AR's Debt-to-EBITDA is ranked worse than
73.22% of 717 companies
in the Oil & Gas industry
Industry Median: 1.73 vs AR: 3.67

Antero Resources Debt-to-EBITDA Historical Data

The historical data trend for Antero Resources's Debt-to-EBITDA 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.

* Premium members only.

Antero Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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8.53

-9.48

7.93

1.41

3.67

Antero Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															1.03	2.28	11.57	4.65	3.19

Competitive Comparison

For the Oil & Gas E&P subindustry, Antero Resources's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Antero Resources Debt-to-EBITDA Distribution

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

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

Antero Resources Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(540.06	+	3966.046)	/	1228.918
	=	3.67

Antero Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(540.06	+	3966.046)	/	1414.056
	=	3.19

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Antero Resources (NYSE:AR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Antero Resources Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Antero Resources's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Antero Resources (Antero Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Resources Corp (NYSE:AR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

7A6:Germany 7A6:Germany

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteroresources.com

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.

Executives

Sheri Pearce	officer: See Remarks	1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy	officer: Senior Vice President Finance	707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert J Clark	director	1401 17TH STREET, SUITE 1200, DENVER CO 80202
W Patrick Ash	officer: See Remarks	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Yvette K Schultz	officer: See Remarks.	1615 WYNKOOP STREET, DENVER CO 80202
Brenda R Schroer	director	600 W. ILLINOIS AVENUE, ONE CONCHO CENTER, MIDLAND TX 79701
Jacqueline C Mutschler	director	2000 ST. JAMES PLACE, HOUSTON TX 77056
Vicky Sutil	director	10889 WILSHIRE BLVD., LOS ANGELES CA 90024
Tyree Thomas B Jr	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Warburg Pincus Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
James R. Levy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X O&g, L.p.	director, 10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Paul M Rady	director, officer: See Remarks	1625 17TH STREET, DENVER CO 80202