Peabody Energy Corp (BTU)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,953,700 | 5,866,900 | 5,878,300 | 5,728,400 | 5,962,100 | 5,722,200 | 5,828,100 | 5,799,900 | 5,610,800 | 5,431,000 | 5,295,300 | 4,943,800 | 4,949,800 | 4,442,500 | 4,453,400 | 4,486,300 | 4,667,100 | 4,860,900 | 4,948,800 | 6,230,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,953,700K
= 0.00
The debt-to-assets ratio for Peabody Energy Corp indicates that the company had no debt relative to its total assets over the past few years. A debt-to-assets ratio of 0.00 means that the company has not been using debt to finance its operations and investments, and instead has been relying on equity or other sources of financing.
From March 31, 2020, to December 31, 2024, the debt-to-assets ratio remained consistently at 0.00, suggesting a conservative approach to capital structure and a lower financial risk as the company did not have significant debt obligations. This may reflect the company's strategy to reduce leverage and maintain a strong balance sheet.
While a low debt-to-assets ratio can indicate financial stability and lower risk, it's crucial to consider that excessive reliance on equity financing might limit growth opportunities or potentially reduce the company's tax advantages associated with debt financing.
Overall, the steady and consistently low debt-to-assets ratio of 0.00 for Peabody Energy Corp indicates the avoidance of debt as a source of funding, which can be beneficial in terms of financial risk management and maintaining a healthy financial position.
Peer comparison
Dec 31, 2024