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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
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