Peabody Energy Corp (BTU)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,547,000 | 3,231,300 | 1,761,800 | 929,600 | 2,613,800 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,547,000K)
= 0.00
Based on the data provided, it is evident that Peabody Energy Corp has consistently reported a debt-to-capital ratio of 0.00 over the past five years. This suggests that the company has not utilized any debt in its capital structure relative to its total capitalization during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is entirely funded by equity, indicating a low level of financial risk associated with debt obligations. This may be considered a positive sign for investors and creditors as it signifies financial stability and the ability to manage capital without relying on debt financing. However, it is important to conduct further analysis to understand the reasons behind this consistent trend and assess the overall financial health and strategy of Peabody Energy Corp.
Peer comparison
Dec 31, 2023