Alpha Metallurgical Resources Inc (AMR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 443,241 | 574,052 | 583,671 |
| Total assets | US$ in thousands | 2,406,060 | 2,312,480 | 1,857,710 | 1,680,090 | 2,302,820 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.24 | 0.34 | 0.25 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,406,060K
= 0.00
The debt-to-assets ratio of Alpha Metallurgical Resources Inc has shown a declining trend over the past four years, indicating the company's reduced reliance on debt to finance its operations and investments. The ratio decreased from 0.35 in 2020 to 0.24 in 2021 and further to 0.00 in both 2022 and 2023.
A debt-to-assets ratio of 0.00 in 2022 and 2023 suggests that the company's total assets were entirely funded by equity, without any reliance on debt during these years. This could indicate a strong financial position and lower financial risk as the company has low debt levels relative to its total assets.
However, it's important to note that a debt-to-assets ratio of 0.00 can sometimes raise questions about the company's ability to efficiently utilize debt to leverage investments and growth opportunities. Overall, the decreasing trend in the debt-to-assets ratio of Alpha Metallurgical Resources Inc signals a potentially healthier balance sheet structure with a reduced financial risk profile.
Peer comparison
Dec 31, 2023