Range Resources (FRA:RAX) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2024)

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What is Range Resources LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Range Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.15.

Range Resources's long-term debt to total assets ratio declined from Dec. 2023 (0.25) to Dec. 2024 (0.15). It may suggest that Range Resources is progressively becoming less dependent on debt to grow their business.

Range Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Range Resources's LT-Debt-to-Total-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 LT-Debt-to-Total-Asset Chart

Range Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.50

0.41

0.28

0.25

0.15

Range Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.25	0.16	0.16	0.15

Range Resources LT-Debt-to-Total-Asset Calculation

Range Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1074.71	/	7017.03
	=	0.15

Range Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1074.71	/	7017.03
	=	0.15

Range Resources (FRA:RAX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Range Resources LT-Debt-to-Total-Asset Related Terms

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Range Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (FRA:RAX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RRC:USA 0KTW:UK 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 2024, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.18 billion cubic feet equivalent per day. Natural gas accounted for 68% of production.