• Range Resources average debt/equity ratio for 2023 was 0.51, a 42.7% decline from 2022.
• Range Resources average debt/equity ratio for 2022 was 0.89, a 52.15% decline from 2021.
• Range Resources average debt/equity ratio for 2021 was 1.86, a 17.72% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.