Peabody Energy Corp (BTU)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 5,962,100 5,610,800 4,949,800 4,667,100 6,542,800
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,962,100K
= 0.00

The debt-to-assets ratio of Peabody Energy Corp has remained consistently at 0.00 for the past five years, indicating that the company has not taken on any debt during this period relative to its total assets. A debt-to-assets ratio of 0.00 implies that the company's assets are primarily financed through equity, suggesting a lower financial risk as debt obligations are minimal. This could be a deliberate strategic choice by management to maintain a conservative capital structure or could reflect the industry dynamics of the company. Investors and stakeholders may view this as a positive signal of financial stability and strength, although it also raises questions about the company's leverage and potentially its growth opportunities.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Peabody Energy Corp
BTU
0.00
Alpha Metallurgical Resources Inc
AMR
0.00
Arch Resources Inc
ARCH
0.04