Peabody Energy Corp (BTU)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 1.68 | 1.65 | 1.69 | 1.67 | 1.74 | 2.08 | 2.36 | 2.67 | 2.81 | 4.52 | 4.97 | 5.34 | 5.02 | 4.63 | 5.27 | 2.52 | 2.50 | 2.31 | 2.24 | 2.27 |
The solvency ratios of Peabody Energy Corp, as indicated by the provided data, show stable levels of debt relative to assets, capital, and equity over the listed periods. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio consistently remain at 0.00, suggesting that the company has not taken on any significant debt compared to its total assets, total capital, or shareholder's equity.
However, the financial leverage ratio fluctuates significantly, indicating changes in the company's debt structure and financial risk over time. The financial leverage ratio peaked at 5.34 in Q1 2021 and gradually decreased to 1.68 by the end of Q4 2023. This suggests that Peabody Energy Corp has been actively reducing its debt levels relative to its equity, thereby improving its financial leverage position and potentially decreasing its overall financial risk.
Overall, Peabody Energy Corp's solvency ratios exhibit a stable and improving trend in terms of managing debt and financial leverage, reflecting a prudent approach to its capital structure and financial health.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 18.43 | 19.12 | 17.62 | 15.64 | 9.83 | 8.73 | 5.51 | 2.64 | 2.73 | -0.71 | -0.93 | -10.56 | -12.48 | -13.44 | -13.47 | -2.08 | -0.15 | 3.40 | 2.98 | 1.71 |
The interest coverage ratio for Peabody Energy Corp has fluctuated over the periods provided. The interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt.
From Dec 31, 2019, to Sep 30, 2020, the interest coverage ratio was improving steadily, indicating that the company's earnings were comfortably covering its interest expenses. However, from Mar 31, 2021, to Dec 31, 2021, the interest coverage ratio deteriorated significantly, falling into negative territory, suggesting that the company's earnings were not sufficient to cover its interest payments during this period.
From Mar 31, 2022, to Dec 31, 2023, the interest coverage ratio showed a notable recovery, indicating an improvement in the company's ability to cover its interest expenses with its earnings. The interest coverage ratio exceeding 1 indicates that the company is generating enough earnings to cover its interest expenses, with higher ratios signaling a healthier financial position.
Overall, the trend in Peabody Energy Corp's interest coverage ratio shows a mix of stability, improvement, and decline over the periods provided, reflecting the company's ability to manage its debt obligations with its earnings.