Alpha Metallurgical Resources Inc (AMR)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | 246,341 | 443,241 | 499,084 | 573,002 | 572,241 | 574,052 | 588,757 | 617,631 | 643,053 | 583,671 | 583,074 | 599,254 |
| Total assets | US$ in thousands | 2,406,060 | 2,352,960 | 2,357,830 | 2,349,120 | 2,312,480 | 2,259,850 | 2,216,150 | 2,113,000 | 1,857,710 | 1,675,950 | 1,662,780 | 1,671,640 | 1,680,090 | 1,923,120 | 2,040,240 | 2,291,920 | 2,302,820 | 2,669,890 | 2,779,790 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.24 | 0.30 | 0.34 | 0.34 | 0.34 | 0.31 | 0.30 | 0.28 | 0.25 | 0.22 | 0.22 |
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 been consistently low over the past eight quarters, indicating that the company has a low level of debt relative to its total assets. The ratio remained at 0.00 for seven quarters before increasing slightly to 0.01 in Q1 2023. This suggests that the company has been effectively managing its debt levels and maintaining a strong financial position during this period.
However, the slight increase in the debt-to-assets ratio in Q1 2023 may be a signal for caution, as it indicates a slightly higher proportion of debt compared to assets. It would be important for stakeholders to monitor the company's debt management practices in the future to ensure that the company's financial health remains stable.
Overall, the historical trend of low debt-to-assets ratios for Alpha Metallurgical Resources Inc reflects positively on the company's financial stability and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023