Arch Resources Inc (ARCH)
Debt-to-assets 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 | 105,252 | 107,515 | 109,216 | 110,899 | 116,288 | 121,914 | 127,107 | 132,290 | 337,623 | 416,446 | 402,076 | 519,357 | 477,215 | 368,278 | 323,854 | 330,036 | 290,066 | 292,781 | 295,263 | 297,733 |
| Total assets | US$ in thousands | 2,484,170 | 2,365,860 | 2,386,900 | 2,432,660 | 2,433,110 | 2,319,860 | 2,313,650 | 2,150,880 | 2,117,160 | 1,930,950 | 1,794,950 | 1,774,160 | 1,722,470 | 1,653,340 | 1,802,390 | 1,857,510 | 1,867,760 | 1,934,600 | 1,889,530 | 1,863,200 |
| Debt-to-assets ratio | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.16 | 0.22 | 0.22 | 0.29 | 0.28 | 0.22 | 0.18 | 0.18 | 0.16 | 0.15 | 0.16 | 0.16 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $105,252K ÷ $2,484,170K
= 0.04
The debt-to-assets ratio for Arch Resources Inc has fluctuated over the provided periods, indicating changes in the company's debt management. The ratio was relatively low in recent periods, standing at 0.04 as of Dec 31, 2023, and gradually increased to 0.06 by Mar 31, 2022. A significant spike in the ratio was observed at the end of 2021, reaching 0.29 by Dec 31, 2021, which may have raised concerns about the level of debt compared to assets at that time. However, since then, the ratio has shown a declining trend, stabilizing around 0.05 in most recent periods.
The gradual decrease in the debt-to-assets ratio suggests that the company may have taken steps to reduce its debt burden in relation to its total assets, which can be viewed positively as it indicates a more conservative approach to financing. Overall, monitoring the trend of this ratio is essential for assessing the company's leverage and financial risk.
Peer comparison
Dec 31, 2023