Peabody Energy Corp (BTU)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,547,000K
= 0.00
The debt-to-equity ratio of Peabody Energy Corp has consistently been reported as 0.00 for the past five years, stretching from December 31, 2019, to December 31, 2023. This implies that the company has not utilized any debt in relation to its equity during these periods. A debt-to-equity ratio of 0.00 typically indicates that the company is solely financed by equity and does not have any outstanding debt obligations. This may suggest a conservative financial approach as the company is not relying on debt to fund its operations or growth, potentially reducing its financial risk and making it less susceptible to interest rate fluctuations or liquidity challenges.
Peer comparison
Dec 31, 2023