Consol Energy Inc (CEIX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,343,440 | 1,308,790 | 1,335,200 | 1,280,900 | 1,165,830 | 916,445 | 797,594 | 668,408 | 672,813 | 484,580 | 592,733 | 583,065 | 553,519 | 426,079 | 427,181 | 439,405 | 435,199 | 454,486 | 468,503 | 430,021 |
| Debt-to-capital ratio | 0.12 | 0.12 | 0.13 | 0.16 | 0.23 | 0.31 | 0.37 | 0.44 | 0.46 | 0.55 | 0.51 | 0.49 | 0.51 | 0.58 | 0.58 | 0.58 | 0.60 | 0.60 | 0.60 | 0.62 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $181,885K ÷ ($181,885K + $1,343,440K)
= 0.12
Consol Energy Inc's debt-to-capital ratio has shown a declining trend over the past eight quarters. The ratio decreased from 0.48 in Q1 2022 to 0.13 in Q4 2023. This indicates that the company has been reducing its reliance on debt financing in relation to its total capital base. A lower debt-to-capital ratio typically suggests a lower risk for the company as it indicates a stronger financial position and less financial leverage. This trend may be viewed positively by investors and creditors as it demonstrates improved financial health and stability for Consol Energy Inc.
Peer comparison
Dec 31, 2023