Alpha Metallurgical Resources Inc (AMR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,573,930 | 1,558,070 | 1,566,730 | 1,548,580 | 1,429,760 | 1,371,670 | 1,319,570 | 929,847 | 546,909 | 248,097 | 162,331 | 170,161 | 200,102 | 342,968 | 409,415 | 653,835 | 696,122 | 868,938 | 967,221 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.45 | 0.67 | 0.78 | 0.77 | 0.74 | 0.63 | 0.60 | 0.50 | 0.46 | 0.40 | 0.38 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,573,930K)
= 0.00
The debt-to-capital ratio of Alpha Metallurgical Resources Inc has remained consistently low at 0.01 for the past four quarters of 2023. This indicates that the company's level of debt relative to its total capital structure has remained stable and relatively low during this period.
It is noteworthy that in the first quarter of 2022, the debt-to-capital ratio spiked significantly to 0.21, but subsequently decreased to the current low levels. This suggests that the company effectively managed and reduced its debt levels compared to its capital over the past quarters.
Overall, a consistently low debt-to-capital ratio indicates that Alpha Metallurgical Resources Inc has maintained a strong financial position with minimal reliance on debt to finance its operations and investments. This may be viewed positively by investors and creditors as it signifies a lower financial risk for the company.
Peer comparison
Dec 31, 2023