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