Alpha Metallurgical Resources Inc (AMR)

Financial leverage 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
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
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
Financial leverage ratio 1.53 1.51 1.50 1.52 1.62 1.65 1.68 2.27 3.40 6.76 10.24 9.82 8.40 5.61 4.98 3.51 3.31 3.07 2.87 2.55

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 shown a decreasing trend from Q4 2022 to Q2 2023, with the ratio declining from 1.62 to 1.50. This indicates that the company's reliance on debt to finance its operations has decreased over this period. However, in Q3 2023 and Q4 2023, the ratio increased slightly to 1.51 and 1.53 respectively, suggesting a moderate uptick in leverage.

Overall, the financial leverage ratio of Alpha Metallurgical Resources Inc has fluctuated within a relatively narrow range between 1.50 and 1.68 in the past few quarters, except for a significant spike in Q1 2022 to 2.27. While the recent slight increase in leverage may warrant monitoring, the company appears to have maintained a relatively stable capital structure in the more recent quarters. Further analysis of the company's debt management and financial health would be necessary to fully assess the implications of these fluctuations in the financial leverage ratio.


Peer comparison

Dec 31, 2023

Company name
Symbol
Financial leverage ratio
Alpha Metallurgical Resources Inc
AMR
1.53
Arch Resources Inc
ARCH
1.68
Peabody Energy Corp
BTU
1.68