Alpha Metallurgical Resources Inc (AMR)
Debt-to-equity 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 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 | 1,080,640 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.81 | 2.01 | 3.53 | 3.36 | 2.87 | 1.72 | 1.51 | 0.98 | 0.84 | 0.67 | 0.62 | 0.53 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,573,930K
= 0.00
The debt-to-equity ratio of Alpha Metallurgical Resources Inc has been relatively stable at 0.01 for the past four quarters of 2023, indicating a conservative financial structure with minimal reliance on debt compared to equity. This suggests that the company's financial risk may be low, as it has a strong equity base to support its operations and growth.
It is worth noting that in Q1 and Q2 of 2022, the debt-to-equity ratio increased significantly to 0.27, indicating higher leverage during that period. However, this spike was short-lived as the company swiftly decreased its debt levels in subsequent quarters, returning to a more favorable debt-to-equity ratio of 0.01.
Overall, based on the trend observed in the debt-to-equity ratio, Alpha Metallurgical Resources Inc appears to have a prudent approach to managing its capital structure, maintaining a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2023