Range Resources (FRA:RAX) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is Range Resources Debt-to-Equity?

Range Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €75 Mil. Range Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,680 Mil. Range Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €3,521 Mil. Range Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FRA:RAX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.94 Max: 2.52
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Range Resources was 2.52. The lowest was 0.48. And the median was 0.94.

FRA:RAX's Debt-to-Equity is ranked worse than
52.83% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs FRA:RAX: 0.50

Range Resources Debt-to-Equity Historical Data

The historical data trend for Range Resources's Debt-to-Equity 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.

Range Resources Debt-to-Equity Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.37

1.91

1.42

0.65

0.48

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-Equity	Get a 7-Day Free Trial															0.56	0.53	0.52	0.48	0.50

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

For the Oil & Gas E&P subindustry, Range Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Oil & Gas Industry

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

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

Range Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1641.699)	/	3453.01
	=	0.48

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(74.56	+	1680.44)	/	3520.626
	=	0.50

Range Resources (FRA:RAX) Debt-to-Equity Explanation

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Range Resources Debt-to-Equity Related Terms

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

Range Resources (FRA:RAX) Business Description

Industry

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

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.