Consol Energy Inc (CEIX)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 181,885 | 183,421 | 207,464 | 252,977 | 342,110 | 413,645 | 461,956 | 534,902 | 568,052 | 597,697 | 609,326 | 550,444 | 566,858 | 587,020 | 595,360 | 604,927 | 653,802 | 677,935 | 696,614 | 715,181 |
| Total assets | US$ in thousands | 2,675,000 | 2,659,520 | 2,678,350 | 2,695,310 | 2,704,380 | 2,722,280 | 2,720,490 | 2,714,960 | 2,573,520 | 2,589,750 | 2,557,930 | 2,520,560 | 2,523,370 | 2,554,840 | 2,566,130 | 2,653,470 | 2,693,800 | 2,723,240 | 2,765,470 | 2,767,040 |
| Debt-to-assets ratio | 0.07 | 0.07 | 0.08 | 0.09 | 0.13 | 0.15 | 0.17 | 0.20 | 0.22 | 0.23 | 0.24 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $181,885K ÷ $2,675,000K
= 0.07
Consol Energy Inc's debt-to-assets ratio has been showing a decreasing trend over the past eight quarters. The company's ratio has decreased from 0.23 in Q1 2022 to 0.07 in Q4 2023. This indicates that Consol Energy has been successful in reducing its level of debt relative to its total assets, which can be seen as a positive sign of financial health and stability. A lower debt-to-assets ratio implies that the company is relying less on debt financing and has a stronger ability to cover its debt obligations using its assets. This trend may suggest that Consol Energy has been managing its debt levels effectively and is becoming less leveraged over time. Overall, a decreasing debt-to-assets ratio is generally viewed favorably by investors and creditors as it signifies a more conservative capital structure and lower financial risk.
Peer comparison
Dec 31, 2023