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 Mar 31, 2019
Long-term debt US$ in thousands 246,341 443,241 499,084 573,002 572,241 574,052 588,757 617,631 643,053 583,671 583,074 599,254 575,631
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 2,756,050
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 0.21

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

Company name
Symbol
Debt-to-assets ratio
Alpha Metallurgical Resources Inc
AMR
0.00
Arch Resources Inc
ARCH
0.04
Peabody Energy Corp
BTU
0.00