Alpha Metallurgical Resources Inc (AMR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,406,060 | 2,312,480 | 1,857,710 | 1,680,090 | 2,302,820 |
| Total stockholders’ equity | US$ in thousands | 1,573,930 | 1,429,760 | 546,909 | 200,102 | 696,122 |
| Financial leverage ratio | 1.53 | 1.62 | 3.40 | 8.40 | 3.31 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,406,060K ÷ $1,573,930K
= 1.53
The financial leverage ratio of Alpha Metallurgical Resources Inc has decreased steadily over the past four years. It declined from 8.40 in 2020 to 3.40 in 2021, and further decreased to 1.62 in 2022 before reaching 1.53 in 2023. This trend indicates a reduction in the company's reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests a lower level of financial risk, as the company is relying less on borrowed funds. This may indicate improved financial stability and debt management practices within the company. However, it is important to further investigate the reasons behind this decreasing trend to assess the overall financial health and strategies of Alpha Metallurgical Resources Inc.
Peer comparison
Dec 31, 2023